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Code of conduct for directors and members of Senior Management.
Preface
The code of conduct shall apply to the directors and members of the senior
management of Shree Ajit Pulp and Paper Limited (referred as the Company)
For this code, members of the senior management (hereinafter referred
to as senior managers) shall mean the persons, who are members of the
core management team, but shall exclude the whole time directors.
Directors and senior managers shall observe the highest standards of ethical
conduct and integrity and shall work with ability and judgment. Directors
and senior managers shall be governed by the rules and regulations of
the Company applicable to them from time to time.
Directors and senior managers shall affirm compliance with this code on
an annual basis as at the end of each Financial Year.
Code of Conduct
- Directors and senior managers shall ensure that they use the Company's
assets, properties and services only as per the terms of their appointment.
- Directors and senior managers shall not receive directly or indirectly
any benefit from the Company's business associates which is intended
or can be perceived as being given to gain favour for dealing with
the Company.
- Directors and senior managers shall ensure the security of all
confidential information available to them in duties.
- Directors and senior managers shall
not engage in any material business relationship or activity which
conflicts with the duties of the Company.
- Senior managers shall not, without
the prior approval of the managing director of the Company, accept
any position of responsibility with any organization for remuneration
or otherwise. In case of wholetime directors approval must be obtained
from the Board of Directors of the Company.
- Directors and senior managers shall
declare information about their relatives (spouse, children and parents
to the Company).
- Senior managers shall follow all
prescribed safety and environment related norms
- If any Directors or Members shall
have any questions concerning the meaning or application of the code,
they shall refer such questions to the audit committee for guidance.
Directors and senior managers will annually sign a confirmation that they
have read and will comply with this code.
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