Micromax Info Essay Example for Free

Micromax Info EssayRegd. Office 21/14, Naraina industrial Area, New Delhi-110028. CODE OF CONDUCT FOR DIRECTORS, SENIOR MANAGEMENT, OFFICERS AND EMPLOYEES OF MICROMAX INFORMATICS LTD. MICROMAX INFORMATICS LIMITED is committed to learning its fear in accordance with the applicable honors, rules and regulations and with highest standards of business ethics. This code is intended to provide guidance and help in recognizing and dealing with good issues, provide mechanisms to report unethical target, and to help foster a purification of honesty and accountability. distributively Director, senior manager, officer and employee is expected to comply with the letter and spirit of this code. The Directors, senior perplexity, officers and employees of the Compevery mustiness non only comply with applicable laws, rules and regulations but should in addition promote honest and ethical conduct of the business.They must abide by the policies and procedures that govern the conduct o f the partnerships business. Their responsibilities include helping to create and maintain a culture of high ethical standards and commitment to accordance, and to maintain a work environment that encourages the stakeholders to raise concerns to the attention of the solicitude. A present, over all told(prenominal), contents of this Code ar in practice, being already followed by the Directors and the precedential focussing, however, in compliance with the new Clause 49 of the listing agreement, the Code as set out below, is to take prepare from the date, when approved by the carte du jour in its meeting1. APPLICABILITYThe Code is applicable to all the segments of the advance of Directors, senior(a) charge, Officers and employees of the Comp both. cured Management shall include all executives holding the positions of Director (Non-Board Member/s), Sr. Manager, Managers, Asst. Managers and all head of the departments excluding Board of Directors. Such mortalnel shall here in after(prenominal) be treated as members of its core steering team.2. DILIGENCEThe Directors, senior management, officers and employees are to exercise due effort in attending to their respective duties and obligations in the best interest of the companion.3. CONFLICTS OF INTERESTThe Directors, senior management, officers and employees should be scrupulousin avoiding conflicts of interest with the Comp all. In model there is likely to be a conflict of interest, he/she should make full disclosure of all facts and circumstances thereof to the Board of directors or whatsoever Committee / officer nominated for this purpose by the Board and a prior written approval should be obtained. A conflict situation chamberpot arisea. When an employee, officer, senior manager or Director takes litigate or has interests that may make it intemperate to perform his or her work objectively and effectively, b. The receipt of improper face-to-face benefits by a member of his or her family as a result of ones position in the Company, c. Any outside business natural action that detracts an individuals ability to devote appropriate time and attention to his or her responsibilities with the Company, d. The receipt of non-nominal gifts or excessive pleasure from any person/company with which the Company has current or prospective business dealings, e. Any meaningful ownership interest in any supplier, customer, development partner or competitor of the Company, f. Any consulting or vocation relationship with any supplier, customer, business associate or competitor of the Company.4. TRANSPARENCYThe Directors and the Senior Management are to figure that their action/s in the conduct of business are transparent, except where the confidentiality of the business requires otherwise. Such transparency shall be brought through appropriate policies, procedures, and maintaining supporting and proper records.5. FAIR DEALING from each one director, member of core management team, off icer, and employee should deal fairly with customers, suppliers, competitors, and employees of group companies. They should non take unfair proceeds of anyone through manipulation, concealment, abuse of confidential, proprietary or trade secret information, misrepresentation of material facts, or any other unfair dealing-practices.6. HONEST AND ETHICAL CONDUCTThe Directors, senior management, officers and employees shall act in accordance with the highest standards of personalised and professional integrity, honesty and ethical conduct not only on Companys premises andoffsite but also at company sponsored business, social events as well as any places. They shall act and conduct drop out from fraud and deception. Their conduct shall conform to the best-accepted professional standards of conduct.7. CORPORATE OPPORTUNITIESDirectors, senior management, officers and employees owe a duty to the Company to advance its true interests when the opportunity to do so arises. Directors, sen ior management, officers, and employees are expressly prohibited from a. pickings for themselves personally, opportunities that are discovered through the use of Companys property, information, or position, b. Competing directly with the business of the Company or with any business that the Company is considering. Using Companys property, information, or position for personal gain. If the Company has finally decided not to pursue an opportunity that relates to the Companys business activity, he/she may pursue such activity only after disclosing the same to the Board of directors or the nominated person/ perpetration.8. BUSINESS INTEGRITYThe Directors and the Senior Management are to ensure that the Company carries out its business as per accepted practices of business integrity, ethical standards, fair gambol and conduct, honestly, legitimately and as a fair competitor.9. WORK PLACEThe Directors and the Senior Management are to ensure that there is gender friendly work place, equal opportunities are attached to men and women, and there exists favourable employment practices. 10. QUALITY OF PRODUCTS/SERVICESThe Directors and the Senior Management are to endeavor that the products / services of the Company meet the accepted standards of quality including that of ISO 9001 and any other standard/s, and also the specifications of the legal authorities/laws so that customer satisfaction is ensured. Moreover costs are kept reasonable.11. PROTECTION AND PROPER USE OF COMPANYS ASSETSThe Directors and the Senior Management are to ensure to protect Companys assets and property and the same should be used only for legitimate businesspurposes.12. CONFIDENTIALITYThe Directors, Senior Management, Officers and Employees shall maintain the confidentiality of confidential information of the Company or that of any customer, supplier or business associate of the Company to which Company has a duty to maintain confidentiality, except when disclosure is trustworthy or legally m andated. The Confidential information includes all non-public information (including private, proprietary, and other) that might be of use to competitors or harmful to the Company or its associates. The use of confidential information for his/her own advantage or boodle is also prohibited.13. COMPLIANCE WITH LAWS, RULES, AND REGULATIONSThe Directors, senior management, officers and employees shall comply with all applicable laws, rules, and regulations. Transactions, directly or indirectly, involving securities of the Company should not be at a lower placetaken without pre-clearance from the Companys compliance officer/Company Secretary. Any Director, member of core management team, officer or employee who is unfamiliar or uncertain about the legal rules involving Company business conducted by him/her should consult the legal department of the Company before taking any action that may hazard the Company or that individual.14. RELATIONSHIP WITH CUSTOMERS AND SUPPLIERSThe Directors and the Senior Management are to endeavor that their dealings with the customers are given due importance, value is created and relationship of trust is built. In dealing with suppliers it should be the endeavor that supplies are establish on need, quality, service, price, and appropriate terms and conditions.15. SHAREHOLDERSThe Directors and the Senior Management are to ensure that the rights of shareholders are met as per law and good corporate practices, and all efforts are made to provide best services to them.16. COMMUNITY ACTIVITIESThe Directors and the Senior Management are to endeavor that the Company be a trusted corporate citizen and, as an total part of the Society, fulfills its responsibilities and duties to the societies and communities in which itoperates.17. CODE OF ETHICS FOR CHIEF FINANCE OFFICERHonesty, integrity and sound taste of the senior financial officers is fundamental for the success and reputation of Action Construction Equipment Limited. The profession al and ethical conduct of the senior financial officers is essential to the proper functioning of the Company. The senior finance officers as well as Directors of the Company shall be bound by the following code of ethics 1. Act with honesty and integrity, including the ethical handling of substantial or apparent conflicts of interest between personal, financial and professional relationships, 2. Make full, fair, accurate, timely, and perceivable disclosure in reports and documents that the Company files with, or submits or makes periodically, to the shareholders, government authorities, and to the public, 3. Comply with governmental laws, rules, notifications and regulations applicable to the Companys business,4. release to the Board or any committee/officer designated by the Board for this purpose, any material movement or relationship that reasonably could be expected to give rise to any violations of the code including actual or apparent conflicts with the interests of the c ompany, 5. Promote prompt reporting of violations of the Code of Ethics to the Board of Directors or any person/committee designated for this purpose, as may be necessary, 6. Respect the confidentiality of information acquired in the course of employment unless legally obliged to disclose and ensure that no such confidential information is used for personal advantage/benefit, 7. Maintain the skills necessary and relevant to the Companys needs, 8. Act in good faith, responsibility, with due care, competence and diligence without misrepresenting material facts,9. Refrain from any inappropriate or undue influence of any kind in all dealings with independent auditors, and avoid any actual or apparent conflicts with analysts, 10. Achieve liable use of and control over all assets and resources employed or entrusted to them, 11. Promote ethical and honest look within the Company and its associates, Chief Finance Officer should adhere to both the code of business conduct and the code of e thics of the Company. Violation of the code of ethics will lead to appropriate disciplinary action including dismissal from the services of the Company anydeviation/waiver from this code can only be affected on the sole and absolute discretionary authority of the Board or any person/committee designated by the Board for this purpose.18. INTERPRETATION OF CODEAny question or interpretation under this Code of Ethics and Business Conduct will be handled by the Board or any person /committee authorized by the Board of the Company. The Board of Directors or any designated person/committee has the authority to waive compliance with this Code of business conduct for any Director, member of core management team, officer or employee of the Company. The person-seeking waiver of this Code shall make full disclosure of the particular circumstances to the Board or the designated person/ committee19. COMPLIANCE WITH THE CODE OF CONDUCTCompliance with this Code of Conduct is an obligation. The Dir ectors and the Senior Management are to ensure that this Code is communicated to, and understood and observed by all employees. The Directors and the Senior Management shall affirm compliance with the Code, on an annual basis. The Board expects employees to bring to their attention, or to that of Senior Management, any break or suspected breach of this Code. Compliance with this Code is subject to the review by the Board and complemented by the Audit Committee of the Board. Any modification/s, amendment/s, or review of this Code shall be done by the Board.