• Business Relatives & US Citizens Declarations

    In line with Employees Code of Ethics and Standards of Professional Conduct and ADIB Ethical Policies, all employees are required to submit Business/Relatives and the US citizens declarations upon joining. Also, Employees are required to complete electronic declarations via E-HR system of Business/Relatives and the US citizens as and when required by the Group Human Resources and/or in case of any changes in relation to Business/Relatives & US Citizens.

    Relatives for the purposes of this policy are defined as below:

    First degree Spouse / Children (son, daughter) / Parents (mother, father) / Parents in-law
    Second degree Siblings (brother, sister) / grandchild / grandparents
    Third degree Aunt & uncle / niece & nephew
    Fourth Degree Cousins / aunt & uncle parents / Siblings’ grandchild

    Note:

    • Employees are required to obtain prior approval from Group Human Resources - Operations Department and Group Compliance - Regulatory Affairs Department before entering into a partnership, joint, commercial or business venture, or any other commercial activity by declaring the same on E-HR system.
    • In case of any conflict of interest upon Compliance review in relation to outside Business (existing or new) employee will be given a choice to exit the business or depart ADIB.
    • In case of no conflict, HR will will coordinate with VMCP to ensure that the vendor/business registration profile is not registered on VMCP system so that ADIB will not enter any business transactions with that Business.
    • Employees who have relatives working in ADIB and its subsidiaries are required to declare the relationship that exists or the relationships that may develop on E-HR system.
    • In case there is a relative conflict of interest found upon Compliance review, a period of no longer than two months will be granted from the date of declaration in order to resolve the matter; the choice will be for either employee, to transfer to a different business unit or depart the Bank.
    • Employees who are US citizens or granted a permanent resident card, commonly called "Green Card" are required to disclose this information on E-HR system.
    • Failure to declare Business/Relatives and US citizenship, will result in disciplinary action as per the disciplinary framework.

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