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CODE OF CONDUCT FOR THE
EXECUTIVES IN SENIOR MANAGEMENT OF
GUJARAT INDUSTRIES POWER CO. LTD.
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| Applicability of the Code |
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| This Code of Conduct (Code)
applies to the Company Secretary and the Executives
in senior management of the Company viz. all the
persons of the rank of Dy. General Manager and above
including the consultants in their capacity as such
whether engaged on full time or part time basis. |
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GIPCL is committed to conducting its
business in accordance with the applicable laws,
rules and regulations and with highest standards of
business ethics. This code is intended to provide
guidance and help in recognizing and dealing with
ethical issues, provide mechanisms to report
unethical conduct, and to help foster a culture of
honesty and accountability. Each Executive in
‘Senior Management’ of the Company is expected to
comply with the letter and spirit of this Code.
The Executives in ‘Senior Management’ of the Company
must not only comply with applicable laws, rules and
regulations but should also promote honest and
ethical conduct of the business. They must abide by
the policies and procedures that govern the conduct
of the Company's business. Their responsibilities
include helping to create and maintain a culture of
high ethical standards and commitment to compliance,
and to maintain a work environment that encourages
the stakeholders to raise concerns to the attention
of the management.
This code does not attempt to describe all potential
problem areas that could develop, but some of the
more common problems are described below:
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Guidelines for Conduct
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An Executive in ‘Senior Management’ of the
Company must act honestly, fairly, ethically,
and responsibly. He/She should be loyal to the
Company and act with integrity and in good
faith. Each Executive in senior management of
the Company should seek to use due care in the
performance of his/her duties in the best
interests of the company as a whole. He/She
should act with competence and diligence,
without allowing their independent judgment to
be subordinated. A Executive in senior
management of the Company has an obligation, at
all times, to comply with the spirit, as well as
the letter, of the law and of the principles of
this Code.
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An Executive in ‘Senior Management’ of the
Company should : |
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Dedicate
sufficient time, energy and attention to the
Company to ensure diligent performance of
his/her duties, including preparing for
meetings and decision-making by reviewing in
advance any materials distributed and making
reasonable inquiries |
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Seek to comply
with all Corporate Policies |
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Act in the
best interests of, and fulfill their
fiduciary obligations to, Company’s
shareholders |
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Conduct
themselves in a professional, courteous and
respectful manner |
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Comply with
all applicable laws, rules and regulations |
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Act in a
manner to enhance and maintain the
reputation of the Company |
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Respect the
confidentiality of information relating to
the affairs of the Company acquired in the
course of their service as an Executive,
except when authorized or legally required
to disclose such information |
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Not use
confidential information acquired in the
course of their service as Executive in
senior management of the Company for their
personal advantage |
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