(Clause 49 I D)
The Board of Directors & Senior Management Members shall:
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Act honestly, fairly, ethically and with integrity; |
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Act in the best interest of and fulfill their fiduciary obligations to Shah Alloys
and all its stakeholders;
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Act in good faith, responsibly, with due care, competence and diligence, without
allowing their independent judgment to be subordinated; |
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Disclose potential conflicts of interest that they may have regarding any matters
relating to Shah Alloys; |
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Comply with all applicable laws, rules and regulations;
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Maintain the confidentiality of information relating to the affairs of the Company
acquired in the course of their service as Directors, except when authorized or
legally required to disclose such information;
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Disclose potential conflicts of interest that they may have regarding any matters
that may come before the Board, and abstain from discussion and voting on any matter
in which the Director has or may have a conflict of interest;
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Not use Company’s property, information, position or opportunities for personal
gain;
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Act in a manner to enhance and maintain the reputation of Shah Alloys Limited;
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Avoid conducting Company business in any significant way with a relative (as defined
in the Companies Act, 1956), or with a business in which a close relative is associated; |
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Senior Officers will ensure proper usage of authority as delegated to them as per
the Company's rules; |
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The Senior Officers are responsible for effective control and appropriate use of
all Company's resources entrusted to them in the official discharge of their duty. |
Any amendment or waiver of any provision of this Code shall be approved by the Company's
Board of Directors and disclosed on the Company's website.
