Elements of Significant Policies
Key Elements of Significant Policies
Key financial indicators, credit ratings, and the complete archive of annual, half-yearly, and quarterly reports for Security Papers Limited.
Code of Conduct for Employees
The Code of Conduct of the Company for employees defines the ethical values, principles, and business practices expected from all employees. The key elements are as follows:
- Act honestly, fairly, and transparently with customers, suppliers, and competitors. Misrepresentation or manipulation of material facts and unfair practices are prohibited.
- Ensure Company records and financial reporting are accurate, transparent, and compliant with accounting standards; protect business records from unauthorized disclosure or destruction.
- Bribery, kickbacks, and unlawful payments are strictly prohibited; Company assets and resources must only be used for legitimate business purposes.
- The Company does not support political parties or political activities.
- Receiving or giving gifts, favours, commissions, free travel, or other benefits that may influence decisions is prohibited.
- Achieve results through ethical and professional means rather than unethical shortcuts.
- Adhere to and report any violations of Company policies and procedures through proper channels; corrective actions must be taken when violations are identified.
- Strictly comply with all applicable laws, rules, regulations, and internal policies.
- Avoid situations that create personal or financial conflicts with Company interests; any potential conflict must be disclosed.
- Financial dealings with suppliers, agents, and contractors must be transparent and properly documented.
- Comply with the Company’s insider trading policy and maintain confidentiality of price-sensitive information.
CSR Policy
Key elements of the Company's Corporate Social Responsibility Policy:
- Supporting initiatives that create a meaningful impact on society, the environment, and national causes.
- Focusing CSR initiatives on Health, Education, Environment, Sports, National Causes, and Disaster Relief.
- Allocating 1% of Profit After Tax (PAT) annually towards CSR activities.
- Encouraging employees to actively participate in social and environmental initiatives.
- Ensuring all CSR initiatives are environmentally responsible and socially acceptable.
- Monitoring, evaluating, and transparently reporting CSR activities and fund utilization in the annual reports.
Communication Policy
Key elements of the Company's Communication Policy:
- Promoting clear, consistent, and effective communication across the organization.
- Ensuring all external communications are managed through authorized spokespersons and official channels.
- Safeguarding confidential and price-sensitive information through secure communication practices.
- Providing clear communication protocols during crisis and extraordinary events.
- Promoting the use of official communication through authorized means.
- Strengthening transparency, collaboration, and alignment among employees and stakeholders.
- Maintaining professionalism, accuracy, and consistency in all corporate communications.
- Encouraging responsible and ethical use of digital and social media platforms.
- Supporting stakeholder engagement while ensuring compliance with legal and regulatory requirements.
Risk Management
The Company recognizes that risk is inherent in all aspects of its operations and is committed to managing risk in a balanced, informed, and integrated manner to:
- Identify potential events that may impact the organization.
- Enable risk-informed decision-making.
- Ensure compliance with legal and regulatory requirements.
- Protect organizational assets, employees, and reputation.
- Promote a risk-aware culture across all levels.
- Achieve strategic and operational goals sustainably.
Risk Management Policy Statement
"The Company is committed to a systematic and enterprise-wide approach to risk management that is embedded in our corporate culture, business processes, and decision-making. We strive to ensure that risk management practices support the achievement of business objectives, enhance resilience, and create long-term stakeholder value."
Governance Structure
The Board Investment and Risk Management Committee (BIRC) comprises members with diverse industry expertise, providing strategic oversight of risk management activities across the organization.
Major functions of the BIRC include:
- Assess the effectiveness of risk management practices.
- Oversee departmental risk registers for significant risks.
- Work with the MC-ERM to identify, assess, and mitigate key risks.
- Review and approve risk policies / framework aligned with best practices.
- Monitor deviations from risk limits.
Internal Control & Whistleblowing Framework
The Company is committed to maintaining the highest standards of corporate governance, integrity, transparency, and accountability.
Internal Control Framework
The Internal Audit Department operates as an independent assurance function under the oversight of the Board Audit Committee (BAC), comprising non-executive directors and chaired by an independent director. The Head of Internal Audit (HOIA) reports directly to the BAC, ensuring independence and objectivity.
- Evaluating the effectiveness of internal controls across the Company.
- Monitoring compliance with applicable laws, regulations, and Company policies.
- Recommending improvements to strengthen governance, risk management, and internal controls.
- Conducting independent, risk-based financial, operational, and compliance audits.
- Reviewing the integrity and reliability of financial and operational reporting.
- Aligning internal audit practices with the International Professional Practices Framework (IPPF) issued by the Institute of Internal Auditors (IIA).
Whistleblowing Framework
The Company fosters a culture in which employees, contractors, vendors, and other stakeholders can raise concerns in good faith without fear of retaliation — covering misconduct, fraud, corruption, legal or policy violations, health and safety concerns, and misuse of Company assets or confidential information.
Whistleblowing Committee
The Committee receives, reviews, investigates, and resolves reported concerns fairly, impartially, and confidentially. Outcomes are reported to the Board Audit Committee for oversight.
Major functions of the BIRC include:
- Head of Internal Audit (Chairperson)
- Company Secretary & Chief Legal Officer
- General Manager – Human Resources
The Committee receives, reviews, investigates, and resolves reported concerns fairly, impartially, and confidentially. Outcomes are reported to the Board Audit Committee for oversight.
Report a concern: wbc@security-papers.com
Key Elements of Significant Policies
The core policies that guide how Security Papers Limited conducts business, manages risk, and holds itself accountable — for employees, stakeholders, and the communities it serves.
Code of Conduct for Employees
The Code of Conduct of the Company for employees defines the ethical values, principles, and business practices expected from all employees. The key elements are as follows:
CSR Policy
Key elements of the Company's Corporate Social Responsibility Policy:
Communication Policy
Key elements of the Company's Communication Policy:
Risk Management
The Company recognizes that risk is inherent in all aspects of its operations and is committed to managing risk in a balanced, informed, and integrated manner to:
Risk Management Policy Statement
"The Company is committed to a systematic and enterprise-wide approach to risk management that is embedded in our corporate culture, business processes, and decision-making. We strive to ensure that risk management practices support the achievement of business objectives, enhance resilience, and create long-term stakeholder value."
Governance Structure
The Board Investment and Risk Management Committee (BIRC) comprises members with diverse industry expertise, providing strategic oversight of risk management activities across the organization.
Major functions of the BIRC include:
Internal Control & Whistleblowing Framework
The Company is committed to maintaining the highest standards of corporate governance, integrity, transparency, and accountability.
Internal Control Framework
The Internal Audit Department operates as an independent assurance function under the oversight of the Board Audit Committee (BAC), comprising non-executive directors and chaired by an independent director. The Head of Internal Audit (HOIA) reports directly to the BAC, ensuring independence and objectivity.
Whistleblowing Framework
The Company fosters a culture in which employees, contractors, vendors, and other stakeholders can raise concerns in good faith without fear of retaliation — covering misconduct, fraud, corruption, legal or policy violations, health and safety concerns, and misuse of Company assets or confidential information.
Whistleblowing Committee
Head of Internal Audit (Chairperson)
Company Secretary & Chief Legal Officer
General Manager – Human Resources
The Committee receives, reviews, investigates, and resolves reported concerns fairly, impartially, and confidentially. Outcomes are reported to the Board Audit Committee for oversight.
Report a concern: wbc@security-papers.com