Ethical Business Conduct
Code of Conduct Summary
The Code of Conduct is PMPs cornerstone corporate governance policy. The Code of Conduct provides a consistent understanding of the expected behaviour towards each stakeholder. It stipulates that:
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PMP is to conduct its business with honesty, integrity and respect for the interests of its stakeholders
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PMP employees will avoid any personal, financial or other real or apparent conflicts of interest that could compromise the performance of their duties
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PMP will continually strive to be a good corporate citizen, including complying with laws and regulations of Australia and New Zealand and in each state and territory in which it operates
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PMP employees will ensure that resources of PMP are used for their intended use
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PMP is to respect the privacy of private information, including customer, business partner and fellow employee information
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PMP is to continually strive to provide a safe and healthy work environment for all employees.
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PMP is to recognise and act upon its responsibility to limit negative impacts on the environment and the communities within which it operates
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PMP is to ensure that there is a clear communication process for material items of concern between employees and the Board via open and non-hierarchical communications including whistleblower provisions that:
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encourage employees to report, in good faith, any violations of the standards, requirements and expectations described in the Code of Conduct; and
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require appropriate action be taken in response to any such violations; and
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require that where an employee reports, in good faith, an actual or suspected violation of this Code of Conduct, the position of the reporting officer will be protected and remain confidential unless disclosure is required by law.
Delegation of Authority Policy Summary
PMP's Delegation of Authority Policy aims to ensure transparency in decision making and protect individuals and the company from any suggestion of impropriety. It requires managers to confer up the management chain when making significant decisions and prevents conflicts of interest from interfering with termination or hiring decisions. The policy also prevents any contract or arrangement being authorised, or approved by delegation, by any employee with a conflict of interest.
Director and Executive Share Purchasing Policy Summary
Under its share purchasing policy, PMP Directors and executives are permitted to buy and sell shares in the company during a period of four weeks, commencing twenty-four hours after the interim and final profit announcements and the annual general meeting provided they are not aware of any price sensitive information. At all other times these officers are not permitted to buy and sell shares in the company.