GULF OIL Corporation - Code of Conduct for Non-Executive Directors

This Code of Conduct is applicable to all non executive Directors of  GULF OIL Corporation Limited (“the Company”).

 Directors of the Company have a fiduciary responsibility to the Company and are also expected to set an example by demonstrating their commitment to the Code of Conduct.

 Confidential Information: Directors must ensure that information relating to the Company, which is given to them in confidence, is used only for the purposes for which it is intended. Directors must also ensure that such information is not divulged to persons other than who need to know the information for the aforesaid purpose. Directors must ensure that they do not use such information for personal gain or divulge the same to other parties who may use it in a manner inconsistent with the Company’s interests.

 Conflict of Interest: Directors must ensure that they do not use information relating to the Company, which is given to them in confidence in any manner which is inconsistent with the Company’s interests. 

 Insider Trading: Directors must ensure that they comply with the SEBI (Prohibition of Insider Trading) Regulations.

 Media / Investor Communications: Directors who may be approached by the media or by investors for information relating to the Company are required to refrain from making any comment which is inconsistent with the Company’s Media and Investor Communications Policy. While granting interviews to the media or investors which are of a general nature, Directors are required to refrain from making specific references to the Company inconsistent with the said Media and Investor Communications Policy.