| CODE OF CONDUCT |
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Cholamandalam's commitment to ethical and
lawful business conduct is a fundamental
shared value of the Board of Directors, the
senior management and all other employees of
the Company. |
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Consistent with its Values and Beliefs,
Cholamandalam has formulated the following
Code of Conduct as a guide. The Code does
not attempt to be comprehensive or cover all
possible situations. It encourages the Chola
team to take positive actions, which are not
only commensurate with the Values and
Beliefs, but are also perceived to be so.
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|
Cholamandalam expects all its employees to
implement the Code in its true spirit and in
case of any doubt or confusion, to consult
his/her immediate superior, the head of HR
or the CEO as relevant. |
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For the purpose of this Code, the term
"senior management" shall mean:
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- Executives who are in the grade of
General Manager and above;
- All executives directly reporting to
the Chief Executive and
- Company Secretary
In performing
their functions, the directors and senior
management of the Company shall: |
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Act honestly, diligently and in good faith
and integrity in all their dealings with and
for the Company. |
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Not use any confidential information
obtained by them in the course of their
official duty, whether from the Company or
otherwise, for personal gain, or use / allow
the use of such information for the
financial benefit for any other person. |
| Not engage in
any business, relationship or activity,
which might detrimentally conflict with the
interest of the Company. |
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Maintain the principle of need to know and
also confidentiality of all material
non-public information about the Company,
its business and affairs. |
| Abide by all
applicable laws and regulations including
the Company's Prevention of Insider Trading
code. |
| Not use their
status to seek or accept any personal gains
or favours from those doing or seeking to do
business with the Company or from other
employees of the company. |
| Not accept,
any gifts / donations / comparable benefits
in cash or kind, if it is likely to lead to
a business relationship with the Company,
provided that non-cash gifts up to a value
not exceeding Rs.2000/- or things which can
be reciprocated like tickets to events,
business meals etc., can be accepted. If
refusing a gift beyond this value, would
affect a relationship with the Company, the
gift may be accepted and handed over to the
Company. |
| Not share any
information regarding the Company, its
business and/or affairs with media without
the prior approval of the Corporate
Disclosure Officer. |
In addition,
in performing their Board and Board
Committee functions, the directors shall:
- Not hold position of
Director/Advisor with a competitor
Company
- Inform the Chairman of changes in their
interests that may interfere with their
ability to perform their duties, and in the
case of "independent directors", impact
their independence as a Board member
This Code embodies the belief that
acting always with the Company's
legitimate interest in mind and being
aware of the Company's responsibility
towards its stakeholders is an essential
element of the Company's long term
excellence. |
