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| This
document sets out the standards for appropriate ethical and
professional behaviour of its employees (including Directors).
It sets out the fundamental values which form the basis of,
and underpin all the Company's business relationships. |
| Mart
Resources Inc. will conduct its business in accordance with
best practice and is committed to observe best international
oil field technologies and practices, high standards of health
and safety, and to play due regard to the protection of the
environment and the needs of the communities in which it is
active |
| 1. |
BUSINESS
CONDUCT |
| 1.1. |
MART RESOURCES INC. conducts
its business with honesty and integrity, and with respect
to its interest of all those with whom it has relationship. |
| 1.2. |
MART RESOURCES INC. is
committed to pursue growth for the benefit of its shareholders,
employees and the countries where it operates, and to
ensure the enhancement of the communities in which it
has a presence. |
| 1.3. |
MART RESOURCES INC. will
comply with the laws and regulations of the countries
in which they operate and to maintain the highest standards
of safety. |
| 1.4. |
MART RESOURCES INC.'s
accounting records and supporting documents will accurately
describe and reflect the nature of the underlying transactions.
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| 1.5. |
MART RESOURCES INC. will
maintain a sound system of internal control to safeguard
shareholders' investment and the company's assets. |
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| 2. |
HEALTH,
SAFETY AND ENVIRONMENT |
| 2.1. |
MART RESOURCES
INC. is committed to high standards of health, safety
and environment protection (HSE) within all its operations. |
| 2.2. |
MART RESOURCES INC. will
strive to prevent all accidents and injuries through
the active participation of every employee and contractor.
The Company is committed to continuous efforts to identify
and eliminate or manage safety risks associated with
its activities |
| 2.3. |
MART RESOURCES INC. will
conduct its business in a manner that protects the health
of employees, others involved in its operations, customers,
and the public. The Company is committed to continuous
efforts to identify and eliminate or manage risks associated
with its activities. |
| 2.4. |
MART RESOURCES INC. will
conduct its business in a manner that is compatible
with the balanced environmental and economic needs of
the communities in which it operates. The Company is
committed to continuous efforts to improve environmental
performance throughout its operations.
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| 3. |
COMMUNITIES |
| 3.1. |
MART RESOURCES
INC. recognises and respects the culture, values and
traditions of the communities within which it works.
We will consult openly and honestly with those that
might be affected to: |
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- achieve mutually acceptable outcomes;
- seek opportunities to share in the benefits which
flow from our activities;
- create lasting relationships built on mutual respect
and trust.
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| 4. |
EMPLOYEES |
| 4.1. |
MART RESOURCES
INC. is an equal opportunities employer and recruits,
employs, develops and promotes in line with best practice
and on the basis of the qualifications and abilities
required for the work to be performed to the required
standard. |
| 4.2. |
Employees of MART RESOURCES INC. are required to
exhibit high standards of personal and professional
conduct and shall comply with the Company's disciplinary
code and conditions of service.
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| 4.3. |
MART RESOURCES
INC. will maintain good communications with employees,
through company based information and consultation procedures. |
| 4.4. |
Employees of
MART RESOURCES INC. are expected to avoid personal activities
and financial interests, which conflict with their jobs
and the interest of the Company. The Company is to ensure
that employees receive appropriate guidance in areas
where such conflicts can arise. |
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| 5. |
PUBLIC
ACTIVITIES |
| 5.1. |
MART RESOURCES
INC. will not support political parties or contribute
to the funds of groups whose activities are calculated
to promote partisan party interests. |
| 5.2. |
MART RESOURCES
INC. will promote and defend their legitimate business
interests. In doing so they may either directly, or
through bodies such as trade associations, raise questions
and discuss particular government actions or decisions. |
| 5.3. |
MART RESOURCES
INC. will cooperate with governments, individuals, agencies
and other organisations in the development of proposed
legislation and other regulations which may affect their
legitimate interests. |
| 5.4. |
MART RESOURCES
INC. will make a concerted effort to build and maintain
good communication and relationships with governments
in countries it operates, and with stakeholders. |
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| This
Code applies to all involved with MART RESOURCES INC. throughout
the world. Where MART RESOURCES INC. participates in joint
ventures the application of these policies will be actively
promoted.
MART RESOURCES INC. will ensure that contractors and their
employees meet the expectations of this policy through their
own policies, systems and procedures.
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policies embodied in this document will be communicated to
all employees, contractors and directors.
The corporate governance committee of the Board will monitor
compliance with these guidelines. The Board of MART RESOURCES
INC. will not criticise management for any loss of business
resulting from the adherence to these principles. Equally,
the Board of MART RESOURCES undertakes that no employee
or contractor will suffer as a consequence of bringing to
their attention or that of senior management, a breach or
suspected breach of these policies.
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| 20th
July 2006 |
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