Preamble
All Directors and Senior Management must act within the bounds of the authority conferred upon them and with a duty to make and enact informed decisions and policies in the best interests of the company and its shareholders / stakeholders. The Company aims at conducting its business with highest standard of principles and business ethics by complying with law both in letter and in spirits. With a view to maintain the high standards that the company requires, the following rules / code of conduct should be observed in all activities of the board.
1. COMPLIANCE WITH APPLICABLE LAW
The Company ensures that it complies with all the applicable laws, rules, regulations respect to every activity and venture that it undertakes. In this direction it also ensures that it’s Directors /Senior Management are also aware of all the relating statutes governing the Company. The Directors shall extend their full co-operation to guarantee that the works done within the ambit of law.
2. HONESTY & INTEGRITY
All directors shall conduct their activities, on behalf of the Company and on their personal behalf, with honesty, integrity and fairness. All directors will act in good faith, responsibility, with due care, competence and diligence, without allowing their independent judgment to be subordinated. Directors will act in the best interests of the Company and fulfill the fiduciary obligations.
3. CONFLICT OF INTEREST
In today’s business scenario there might exist conditions in which there is conflict of interest where the professional judgment of the Directors might be blurred because of their personal interest coming in conflict with the interest of the Company .In such circumstances the Directors shall not engage in any activity which comes in conflict with the Company, in case such a situation arises they shall report the fact to the Company. They will act in the interest of the Company.
Directors on the board of the Company shall not engage in any business, relationship or activity, which may be in conflict of interest of the Company or the group.
Conflicts can arise in many situations. It is not possible to cover every possible conflict situation and at times, it will not be easy to distinguish between proper and improper activity. Set forth, are some of the common circumstances that may lead to a conflict of interest, actual or potential.