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Draft Code of Conduct (COC) |
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I. |
Applicability. |
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This Code of Conduct is being formulated pursuant
to Clause 49 (I) (D) of the Listing Agreement. Code of Conduct shall be applicable to all
Board Members and Senior Management Team comprising of :- |
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i) ii) iii) iv) v) vi) vii) viii) ix) x) xi) |
Chairman
& Managing Director Other
Directors Chief
Executive Officer CFO
& Company Secretary Sr.
Vice President – Commercial Sr.
Vice President – Spinning Sr.
Vice President – Weaving Sr.
Vice President – HRD General
Manager - Yarn Marketing Dy.
General Manager - Yarn Marketing Dy.
General Manager – Woven Fabric Marketing |
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II. |
Principles. |
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During
the course of their operations / dealings with customers, suppliers, banks /
financial institutions, govt. authorities & shareholders, all persons to whom this Code of Conduct is
applicable shall :- |
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a) |
Adhere, follow and promote the company’s basic
philosophy of Corporate Governance i.e. to achieve highest level of
transparency, accountability and equity in all spheres of its operations and
in all their interactions with its employees, customers, suppliers, banks,
financial institutions, govt. authorities and
shareholders |
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b) |
Prevent misuse / use of any share price
sensitive information for personal gain. |
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c) |
Prevent misuse / unauthorized use of any
property / assets of the company for personal purposes. |
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d) |
Acquaint himself with applicable and
concerning laws, regulations, rules etc. and to comply with the same in
respective fields of activities honestly & diligently and shall not make
any willful default with the same. |
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e) |
Ensure attendance at and provide all
requisites, relevant and desired information to person concerned for Board /
Committee meetings. |
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f) |
Ensure proper use of whistle blowing
mechanism in the company. |
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g) |
Ensure protection, safe keeping and proper
use of assets and properties of the company. |
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III. |
Compliance
Certificate |
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All board members and senior management
personnel shall affirm compliance with the Code of Conduct on annual basis on
or before approval of annual accounts by the Board of the company |
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