Disclose to the Board or any committee/officer designated by the Board for this purpose ,any material transaction 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 company. Not engage in any business, relationship or activity, which might detrimentally conflict with the interests of the Company.
This is important as the Company being a listed public limited company is liable to answer any statutory or regulatory authorities, shareholders and the society at large even at the slightest appearance of impropriety and malfunctioning.
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| It is felt that employees should avoid conducting Company business with a relative, or with a business in which a relative is associated in any significant role. If such a related party transaction is unavoidable, the same shall be fully disclosed to the Company. The most significant related party transactions, particularly those involving the Company’s directors and senior executive officers, must be reviewed and approved by the Audit Committee/Company’s Board of Directors.
The dealings with a related party shall be conduct in such a way that no preferential treatment is given to the counter party thus impacting loss of revenue or profits to the Company.
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