Code of Conduct

DCM SHRIRAM CONSOLIDATED LTD: NEW DELHI
CODE OF CONDUCT FOR BOARD MEMBERS AND SENIOR MANAGEMENT TEAM

1. INTRODUCTION

The purpose of laying down this Code of Conduct for Board Members and Senior Management Team of the Company is to set standards of business conduct and also to comply with the applicable rules of the stock exchanges, where securities of the Company are listed.

The Code is applicable to the following persons :

  • All the members of the Board of Directors of the Company, and
  • All the members of the Senior Management Team of the Company.

Senior Management Team shall mean and include:

  • Executive Directors,
  • SBU Heads,
  • Vice Presidents and
  • Functional Heads at the Corporate Level.

2. REGULATORY COMPLIANCE

Board Members and Senior Management Team shall adhere to all applicable laws, rules and regulations, both in letter and spirit. They must be aware of the regulatory framework in their respective domain.

3. STANDARD OF CONDUCT AND BEHAVIOUR

Board Members and Senior Management Team shall be fair and transparent and should be perceived to be as such by third parties. They shall uphold highest standards of etiquettes, decorum and decency. Further, they shall maintain transparency and truthfulness in all communications and shall also maintain every relationship with due respect and dignity.

4. CONFLICT OF INTEREST

Board Members and Senior Management Team shall avoid and disclose actual and apparent conflict of interest. A conflict of interest exists, where the interest or benefits of one person or entity conflict with the interest or benefits of the Company.

Further, they shall not engage in any business, relationship or activity, which might detrimentally conflict with the interest of the Company and also shall not engage in any kind of insider trading by virtue of access to the Company information and its working.

5. BUSINESS INTEGRITY

Board Members and Senior Management Team shall act in accordance with the highest standards of personal and professional integrity, honesty, and ethical conduct, while working or representing the Company.

Further, they shall not accept gifts, donations, hospitality and/or entertainment beyond the customary level from existing or potential suppliers, customers or third parties, which have business dealings with the Company.

6. CONFIDENTIALITY AND SECRECY

Board Members and Senior Management Team shall maintain the confidentiality of information entrusted to them in carrying out their duties and responsibilities, except where disclosure is approved by the Company or legally mandated or if such information is in the public domain. This obligation shall apply not only during tenure with the Company but thereafter as well.

7. SAFETY AND PRECAUTIONS

Board Members and Senior Management Team shall protect and safeguard all the Company assets and equipments from any misuse and/or damage.

8. EQUAL AND FAIR TREATMENT

Board Members and Senior Management Team shall ensure that there is no discrimination, whatsoever, on account of caste, colour, creed, gender or religion and work environment is free from all kinds of harassment, including physical, verbal, psychological and sexual.

9. ENVIORONMENTAL PROTECTION

Board Members and Senior Management Team shall contribute towards taking complete and proper care of the external environment and shall conserve the resources for a proper ecological balance.

10. MEDIA COMMUNICATION

Any kind of relationship or communication, on behalf of the Company with media, including print and electronic, shall be done only by persons so authorized for the purpose.

11. NON-COMPLIANCE

Suspected violation of this code shall be reported to the Chairman of the Board. All reported violations shall be appropriately looked into and dealt with accordingly.

This Code shall come into force w.e.f 1st January, 2006

Dated: 8.12.2005 
Vice Chairman & Managing Director
Chairman & Sr.Managing Director