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HBL Power Systems Ltd.,
CODE OF CONDUCT FOR BOARD MEMBERS
AND SENIOR MANAGEMENT PERSONNEL
4. Key
Requirements:
The Board
Members and Senior Management
Personnel must act within the
authority conferred upon them and in
the best interests of the company
and observe the following code of
conduct:
-
Shall act in accordance with the
highest standard of honesty,
integrity, fairness and ethical
conduct while working for the
Company as well as representing
the Company without allowing
their independent judgment to be
subordinated and fulfill the
fiduciary obligations.
Shall not
involve themselves in making any
decision on a subject matter in
which a conflict of interest
arises or could arise, between
the personal interest and the
interest of the Company. In the
event of apprehending such
conflict of interest, the
relevant facts shall be
disclosed in writing explaining
the circumstances that create or
could create the conflicts of
interest to:
All whole---time Directors of
the Company
- Board of Directors in case of
Directors (whole-time) and
- Chairman in case of Senior
Management Personnel for further
directions in the matter.
Shall avoid conducting business
with a Relative or with Private
Company in which the relative is
a member or a Public limited
Company in which a relative
holds 2% or more shares or
voting right or with a Firm in
which a relative is a partner .
Shall avoid
having any personal financial
interest in works or contract
awarded by the Company
Shall avoid
any relationship with a
contractor or supplier that
could compromise the ability to
transact business on a
professional, impartial and
competitive basis or influence
decision to be made by the
Company.
Shall not
hold any positions or jobs or
engage in any outside businesses
or have interests that adversely
affect the performance of duty.
Whole- time Directors and Senior
Management Personnel are
expected to devote their full
attention to the business
interest of the Company.
Shall not
exploit for their own personal
gain, opportunities that are
discovered through company's
business, information or
position, unless the opportunity
is disclosed fully in writing to
the Company's Board of Directors
and Chairman as the case may be
.
Shall
comply with all applicable laws,
Company, Government and CVC
Rules and Regulations in general
and with respect to accepting
proffering gifts, donations and
hospitality and any violation
thereon may make them personally
liable. The Company for
violation of provisions of law
may subject directors and Senior
Management Personnel to
disciplinary action .
Shall not
serve as a Director of any other
Company or as a partner of any
firm that competes with the
Company's business. Whole Time
Directors and Senior Management
Personnel shall obtain approval
of the Chairman prior to
accepting such Directorship or
Partnership.
Shall not
derive benefit or assist others
to derive benefit by giving
investment advice from the
access to and possession of
information about the Company,
which is not in public domain
and therefore constitute insider
information. The Board Members
and Senior Management Personnel
shall make timely disclosures
of.
- Trading in the shares of the
Company,
- Transactions having personal
interest, and
- Related party transactions
Any information concerning the
Company's business, its
customers, suppliers etc, which
is not in the public domain and
to which the Board Members and
Senior Management Personnel has
access or possesses such
information, must be considered
confidential and held in
confidence, unless authorized to
do so, and when disclosure is
required as a matter of law. No
Board Members and Senior
Management Personnel shall
provide any information either
formally or informally, to the
press or any other publicity
media, unless specifically
authorized.
Shall
protect the Company's assets,
labour and information and may
not use these for personal use,
unless authorized to do so.
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All
Rights reserved to HBL Power Systems Ltd.,
Hyderabad, A.P. India. Designed by HBL Corporate
Communications. |
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