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Code of Conduct
for Board Members and Senior Management
(As per Clause 49 of the Listing
Agreement)
Applicability:
The Code shall be applicable to:
1. Directors of Universal Starch Chem Allied Ltd.
2.Members of the senior Management of the Company
(i.e. one level below the executive directors ,including all functional heads).
Objective:
This Code sets forth the guiding principles on which the
Directors and members of the senior Management of the Company shall conduct
themselves and discharge their responsibilities
towards the shareholders, government and regulatory agencies, customers,
suppliers ,society at large and all others with whom the company is connected
.The directors and members of the Senior Management recognize that they are the
trustees and custodian of public money and in order to fulfill their fiduciary
obligation and responsibilities, they shall maintain and continue to enjoy the
trust and confidence of public at large by rendering their duties in an
efficient and transparent manner.
Effective Date
The Code comes into effect from 1st January 2006
The code
- The
directors and members of the Senior Management of the Company agree to
abide by the following Code of Conduct.
- Make
best efforts to attend the board, Committee, Members and other Company
meetings.
- Always
adhere and conform to all statutory and mandatory laws, rules,
regulations, bye laws as may be applicable to the Company.
- Make
concerted efforts to share and enhance the knowledge and information
reserve in the Company.
- Ensure
the security o all confidential information belonging to the Company in
every possible manner.
- Be
honest and fair in their dealing with Government authorities, stakeholders , customers,
suppliers, service provider and business partners.
- Not to
be associated in any way , directly or indirectly , with the competitors
of the Company while on Board or employment of the Company
- Not
derive personal benefit or undue advantages (financial or otherwise) by
virtue of their position or relationship with the Company.
i)
shall adopt total transparency in their dealings with the Company
ii) shall disclose full details of any direct or indirect personal interest
in
dealings/transaction with the Company.
iii) shall not be a party to
transaction or decisions involving conflict between their personal
interest and the Company’s interest.
- Do not
accept or derive any personal gratification from suppliers. Service providers, business partners or any
other agency in their dealings with them.
- Help
in establishment of the Company as Equal Opportunity Employer.
- Cooperate
with the Company in discharging its social responsibilities.
- Not to
conduct themselves in a manner that harms or adversely affect the
reputation of the Company in any way.
- Accept
that they shall be accountable to the Board for their actions, violations
and defaults in their capacity as a Directors/Member of the Senior
Management of the Company. As the case may be.
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