Statement of Sizzlers’ business principles

General Business Principles:

Objectives:

The objective of Sizzlers Corporate Limited is to always remain at the peak in providing customer satisfaction. They also engage efficiency, responsibility and profitability in the search for overall catering development. Sizzlers corporate Limited seeks a high standard of performance and aims to maintain a long term position within Nigeria.

Responsibilities:

Sizzlers corporate Limited recognizes six (6) areas of responsibility:

  1. To Co-venture:

To further the common interest in line with the agreements made between Sizzlers corporate Limited and those partners.

 

  1. To Customers:

To win and maintain customers by developing and providing products and services with offer value in terms of price, quality, safety and environmental impact, which are supported by the requisite technological, environmental and commercial expertise.

 

  1. To Employees:

To respect the human rights of its employees, provide its employees with good and safe conditions of work, good and competitive terms and conditions of service, promote the development and best of human talent and equal opportunity employment, to encourage the involvement of employees in the planning and direction of their work, and in the application of these principles within the company. It is recognized that commercial success depends on the full commitment of all employees.

 

  1. To those with whom we do business:

To seek mutually beneficial relationships with contractors and our suppliers. To promote the application of these principles in so doing. The ability to promote these principles effectively will be important factor in the decision to enter into and / or remain in such relationship.

 

  1. To society, being the communities within whose areas we work, and the rest of the nation. To conduct business as responsible corporate members of society, to observe the laws of Nigeria, to express support for fundamental human rights in line with the legitimate role of business and to give proper regard to health, safety and environment consistent with its commitment to continue to sustain development.

 

These five (5) areas of responsibility are seen as inseparable. Therefore, it is the duty of management to continuously assess the priorities and discharge its responsibilities on the basis of that assessment.

 

Economic Principles:

Profitability is essential to discharge these responsibilities and staying in business. It is a measure both of efficiency and of the value that customers place on our company. It is essential to the allocation of necessary resources and to support the continuing investment required to develop and produce oil and gas. Without profits and strong financial foundation it would not be possible to fulfill the responsibilities outlined above.

In general, Sizzlers Corporate Limited believes that the interest of the society can be served most efficiently by a market economy.

Criteria for investment decisions are not exclusively economic in nature, but also take into account social environmental considerations and an appraisal of the security of the investment.

Business Integrity:

Sizzlers Corporate Limited insists on honesty, integrity and fairness in all aspects of its business and expects the same in its relationships with   all those with whom it does business. The direct or indirect offer, payment, soliciting and acceptance of bribes in any form are unacceptable practices.

Employees must avoid conflict of interest between their private financial activities and their part in the conduct of company business. All business transaction on behalf of Sizzlers Corporate Limited must be reflected accurately and fairly in the accounts of the company in accordance with established procedures and be subject to audit.

Political Activities:

  1. Of companies:

Sizzlers Corporate Limited acts in a socially responsible manner within the laws of the land in pursuit of its legitimate commercial objectives.

Sizzlers Corporate Limited does not make payment to political parties, organizations, or their representatives, or take part in party politics. However, when dealing with the government, Sizzlers Corporate Limited has the right and the responsibility to make its position known on any matter, which affects itself, its employees, or its customers, or its shareholders. It also has the right to make its position known on matters affecting the society where it has a contribution to make.

 

  1. Of employees:

Where individuals wish to engage in activities in the community, including standing for public office, they will be given the opportunity to do so where this is appropriates in the light of local circumstances.

 

Health, Safety and Environment:

Consistent with its commitment to contribute to sustainable development, Sizzlers Corporate Limited has a systematic approach to health, safety and environmental management in order to achieve continuous performance improvement.

To this end, the company manages these matters as any other critical business activity. Sets targets for improvement and measure, appraises and reports performance.

 

The Community:

The most important contribution that Sizzlers Corporate Limited can make to the social and material progress on Nigeria is in performing its basic activities as effectively as possible. In addition, it takes a constructive interest in social matters, which may not be directly related to the business. Opportunities for involvement- for example; through community, educational or donation programmes, will vary depending

on the nature of the local community and the scope for useful private initiatives.

 

Competition:

Sizzlers Corporate Limited supports free enterprise. It seeks to compete fairly, ethically and within the frame work of applicable competition laws and therefore. Sizzlers Corporate Limited will not prevent others from competing freely with it.

 

Communication:

Sizzlers Corporate Limited recognizes that in view of the importance of its activities in which it is engaged and its impact on the national economy and individuals, open communication is essential. To this end, Sizzlers Corporate Limited has a comprehensive corporate information program and provides full relevant information about its activities to legitimately interested parties, subject to any overriding considerations of business confidentiality and cost.