Page 6 - YBA Kanoo Code of Conduct English & Arabic

1. COMPLIANCE WITH THE LAW AND REGULATIONS

Compliance with laws and regulations means observing both the letter and the spirit of
applicable laws and regulations and conducting all business affairs to ensure that we
continue to earn the highest respect amongst the customers and principals we serve.
Compliance with laws and regulations is so important that failure to meet appropriate
legal requirements cannot be excused by good intentions, claims of ignorance or failure
to seek timely advice.

Breaking the Law never serves to advance the Company’s interests, and employees who
do so may be subject to disciplinary action under the Company’s disciplinary policies and
procedures. If a Law conflicts with a particular action or policy prescribed by this Code,
you must comply with the law; if a local custom, industry practice or previous Company
policy conflicts with this Code, you must comply with this Code.

Do:
• Make an effort to understand the laws and regulations that apply to your day to day
business and responsibilities.
• Ensure that you and your colleagues comply with these laws and regulations and
communicate them to members of your team.
• Ensure that you act within your level of authority at all times.
• Ensure that you are acting in accordance with any contract conditions or agreements
that may apply.
• Be aware and comply with your Company rules concerning authority to act on its
behalf.
• Seek the guidance, advice and assistance of those with more knowledge to give
input.

Do Not:
• Break, neglect or disregard applicable laws or regulations.
• Take any chances with the law and points made in this Code.
• Contract on behalf of the Company either verbally or in writing where you do not have
the authority to do so.
• Find loopholes or devices so as to avoid any applicable laws or your Company’s rules.

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