Code of Conduct for the Board of Directors
And the Senior Management of
Nicco Corporation Limited
The Members of the Board of Directors and the Senior Management
of Nicco Corporation Limited acknowledge and
accept the scope and extent of our duties as Directors
and Employees. We have responsibility to carry out our duties
in an honest and professional manner and within the scope
of our authority. We are entrusted with and responsible for
the oversight of assets and business affairs of Nicco Corporation
Limited in an honest, fair, diligent and ethical manner.
As Directors and Senior Management personnel we shall act
within the bounds of the authority conferred upon us and with
the duty to make and enact informed decisions and policies
in the best interests of Nicco Corporation Limited
and its Stakeholders. The Board of Directors has adopted the
following Code of Conduct and our Directors and Senior Management
personnel are expected to adhere to the standards of loyalty,
good faith, and the avoidance of conflict of interest that
follow.
Board Members and Senior Management personnel will:
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Act in the best interests of, and fulfill their fiduciary
obligations to Nicco Corporation's Stakeholders;
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Act honestly, fairly, ethically and with integrity;
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Conduct themselves in a professional, courteous and respectful
manner;
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Comply with all applicable laws, rules and regulations;
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Act in good faith, responsibility, with due care, competence
and diligence, without allowing their independent judgement
to be subordinated;
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Act in a manner to enhance and maintain the reputation
of Nicco Corporation Limited;
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Disclose potential 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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Make available to and share with fellow Directors information
as may be appropriate to ensure proper conduct and sound
operation of Nicco Corporation Limited and its Board of
Directors;
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Respect the confidentiality of information relating to
the affairs of the Company acquired in the course of their
service as Directors and as Senior Management personnel,
except when authorised or legally required to disclose
such information; and
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Not use confidential information acquired in the course
of their service as Directors and as Senior Management
personnel for their personal advantage.
All Board Members and Senior Management personnel shall affirm
compliance with the Code on an annual basis.
The Code was adopted by the Board at its Meeting held on
23rd February, 2005.
For and on behalf of the Board of Directors
Nicco Corporation Limited
Rajive Kaul
Chairman
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