Advent Oilfield Services Private Limited (ADVENT) is committed to adhering to sound principles of Corporate Governance, which promotes and shapes ADVENT culture. Safety, Quality and Integrity always is at the heart of our culture and are part and parcel of our company’s mission and vision. While pursuing our business objectives, we aim to be a responsible partner in society, acting with integrity towards our, customers, employees, business partners and shareholders, as well as the wider community in which we operate.

General Business Principle

General Business Principles provide the solid foundation that enables us to establish and secure our trustworthiness as an employer, supplier, business partner, investment proposition and partner in society. They set the standard for acting with integrity at ADVENT and govern all our decisions and actions and apply equally to our group actions and our conduct as individuals.

  • Compliance with Laws, Rules and Regulations – The Company expects its directors, officers, and employees to conduct business in accordance with the letter, spirit, and intent of all relevant laws and to refrain from any illegal, dishonest, or unethical conduct.
  • Accurate business and financial records and reports – We record and report information accurately, completely and honestly. We do not make misrepresentations and false statements.
  • Conducting business with honesty and integrity – We are open, honest, and ethical in all our dealings and operations, and do not employ corrupt practices or commit acts of bribery.
  • Dealing fairly with business partners, suppliers, and contractors – We follow a thorough process to select and award business to business partners who are committed to and demonstrate, responsible business conduct.
  • Delivering quality products and services to our customers safely and on time following applicable laws and regulations governing contractual obligations and related matters.
  • Fair Employment practices and aim to provide a healthy, safe and productive work environment.
  • Protection of ADVENT’s assets and intellectual properties – We protect ADVENT’s assets and resources against illegal, unauthorized or irresponsible use. We safeguard ADVENT’s proprietary information – including our patents, trademarks, copyrights, trade secrets and other forms of intellectual property – against potential loss, damage, destruction, theft, unauthorized use or improper disclosure.
  • Privacy and data protection – We respect the privacy of our customers, employees and business partners and safeguard the confidentiality, integrity and availability of all data received.
  • We avoid all potential conflicts of interest between work and personal affairs. Directors and employees cannot accept any position or benefits, participate in any business or business arrangement or otherwise act in a manner that creates or appears to create a conflict of interest, unless they make full disclosure of all facts and circumstances to, and obtain the prior written approval.

Code of Conduct

    Our commitment at ADVENT is to act with honesty, integrity and transparency in everything we do. This is what our customers expect from us and what we demand from each other.
  • 2. PURPOSE
    The purpose of our Code of Conduct is to serve as our roadmap for doing business the right way, every day and through every interaction or when there are no specific ADVENT policies or detailed guidelines available. Compliance with the Code of Conduct is a prerequisite to ADVENT maintaining good standing and trust in the market, and to ensuring that the conduct of all directors and employees complies with relevant legislation and ADVENT’s core values.
    This Code of Conduct applies to all board members, directors, managers and employees acting on behalf of ADVENT or representing ADVENT’s interests. It is the senior management’s responsibility to ensure the Code of Conduct is distributed and made available to all employees and to ensure compliance.
    In addition to this Code of Conduct, all directors, managers and employees are also required to comply with ADVENT’s Policies, Guidelines, Core Values and General Business Principles.
    • 4.1 We do the right thing, no compromise
      Ethics and integrity are foundational to who we are at ADVENT. These principles have guided our interactions with our customers, our shareowners, and each other. Doing the right thing without compromise is the responsibility of every employee. That means we do the right thing for shareholders, customers, communities, suppliers, public authorities, and our fellow employees. They can trust that we do what we say.
    • 4.2 We create a safe and secure place to work
      We are committed to providing a safe working environment. We take reasonable precautions to safeguard our employees and customers. We stay current on laws, regulations, and practices related to the safety and health of the workplace and our products and services.
    • 4.3 We support a work environment which is inclusive and diverse
      We must treat each other courteously and professionally. Differing viewpoints that we each bring to the workplace challenge us collectively to think more broadly and allow us to be more creative in the products and services we provide. We realize that the world we serve is diverse in its social customs and cultural traditions, and we respect and embrace those differences.
    • 5.1 We work lawfully under regulations that apply to us
      We are diligent about following the laws and regulations that relate to our business. There are no shortcuts. We do not expose the business to harm by failing to follow any rules that may apply to us. The Company’s policies and procedures support and clarify these laws and regulations and facilitate our compliance.
    • 5.2 We protect assets, confidential information and intellectual property
      We are personally responsible for the proper use of assets in our care and for preventing their loss. This includes protecting equipment, ideas, research, inventions, media and our brands. We protect confidential and proprietary information and prevent its improper, unauthorized, or inadvertent disclosure. We will also not misuse the assets or intellectual property of others.
    • 5.3 We avoid and resolve conflicts of interest
      When acting on behalf of ADVENT, we put the Company’s interests ahead of our own personal gain. This means we do not allow our interests or our family or other relationships to influence the decisions we make on behalf of the Company. Conflicts of interest can undermine our business judgment and expose the Company to risk. We avoid actual, potential, and appearances of conflicts of interest and disclose and resolve them promptly.

      We do not allow our business decisions to be influenced by gifts, favours, or hospitality from others. Accepting or offering gifts, favours, or entertainment can create a conflict, result in the appearance of a conflict, and, in some cases, violate the law. If we have any doubts, we seek guidance before accepting or offering any material gifts, favours, or entertainment.

      We do not compete with the Company. We also do not take a business opportunity discovered through our affiliation with the Company, unless the Company has already been offered the opportunity, turned it down, and approves the business opportunity.
    • 5.4 We strive to do business with ethical suppliers
      We try to do business with suppliers, third parties, and business partners that enhance our level of service and provide products and services of quality. We seek suppliers who share our commitments to ethical and sustainable business practices, human rights (including labour rights), and diversity.