Code of ethical conduct

Code of ethical conduct

The board of directors is more responsible for the company than all its stake holders and can win their confidence through the disclosures and transparency in operations. For its operations the board must consist of both directors and independent directors. Its direct responsibility is also towards the management , the audit committee , the employees , the customers , and society at large. For all these constituents to work harmoniously, an ethical culture is imporatnt

To form code of conduct you need

Core organisational value A history of the equity of the company A dividend history of the company Human resource accounting Brand valuation Financial disclosures Loans, environment protection measure Employee welfare , womens development

Rights of shareholders
To obtain copies of the memorandum or articles of association of the company To obtain the certificate of shares, to transfer them or appeal to the company if aggrieved of their rights , and to preferential right to purchase shares on a pro-rata basis. To inspect the register and the index of the members , their annual returns ,register of charges and of investments , and also take extracts from them.

Rights of shareholders
To receive notices to general meetings , participate in elections and vote at such meetings ; in special cases , if need be , give notice for a general or extra ordinary session to investigate the affairs of the company. To demand the minutes of general meetings. To receive a copy of the statutory report , annual report of the directors , annual accounts , and auditors report.

Rights of shareholders
To make application to the company for relief in the case of oppression and mismanagement. To petition the court to wind up the companys operations and to participate in the companys final assets.

Auditors role
The objective of auditing committee is to give accurate , timely , and proper disclosure and transparency of the integrity and quality of financial reporting . Following are some of the important points for good auditing practices. Composition of the auditing committee Responsibilities of the committee Relationship wit independent and intrnal auditors

Auditors role
Disclosure requirements Meetings and reports Delegation of authority