Code of Conduct

  1. 1. Introduction
    • The Code shall be called "The Code of Business Conduct & Ethics for Board Members and Senior Management" of Pawan Hans Ltd. (hereinafter referred to as "the Company)
    • The purpose of this Code is to enhance ethical and transparent process in managing the affairs of the Company.
    • This Code the Board Members and Senior Management has been framed specially in compliance of the Guidelines of DPE.
  2. 2. Definitions and Interpretations :
    • The team “Board Members” shall mean Directors on the Board of Directors of the Company
    • The term “Whole-time Directors” or “Functional Directors” shall be the Directors on the Board of Directors of the Company who are in whole-time employment of the Company.
    • The term “Part-time Directors” shall mean Directors on the Board of Directors of the Company who are not in whole time employment of the Company.
    • The term “Relative” shall have the same meaning as defined in Section 6 of the Companies Act,1956.
    • The term “Senior Management” shall mean personnel of the Company who are members of its core management team excluding Board of Directors and would comprise all members of management one level below the Whole time Directors, including all functional heads.
    • The term “the Company” shall mean Pawan Hans Ltd. (name of the Company).
  3. 3. Applicability
    • This code shall be applicable to the following personnel :
      1. All Whole-time Directors including the Chairman & Managing Director of the Company.
      2. All Part-time Directors including independent Directors under the provisions of law.
      3. Senior Management.
    • The Whole-time Directors and Senior Management should continue to comply with other applicable/ to be applicable policies, rules and procedures of the Company.
  4. 4. Contents of Code
    • General Moral Imperatives
    • Specific Professional Responsibilities
    • Specific Additional Provisions for Board Members and Senior Management.

This code is intended to serve as a basis for ethical decision making in the conduct of professional work.

It may also serve as a basis for judging the merit of a formal compliant pertaining to violation of professional ethical standards.

It is understood that some words and phrases in the code of ethics and conduct document are
subject to varying interpretations. In case of any conflict, the decision of the Board shall be final.

PART - 1

1. General Moral Imperatives

i. Contribute to society and human well being

    • This principle concerning the quality of life of all people, affirms an obligation to protect fundamental human rights and to respect the diversity of all cultures. We must attempt to ensure that the products of our efforts will be uses in socially responsible ways, will meet social needs and will avoid harmful effects to health and welfare of others. In addition to a safe social environment, human well being includes a safe natural environment.
    • Therefore, all Board Members and Senior Management who are accountable for the design, development, manufacture and promotions of company’s products, must be alert to, and make others aware of, both a legal and a moral responsibility for the safety and the protection of human life and environment.

ii. Be honest and trustworthy & practice integrity

      • Integrity and honesty are essential components of trust. Without trust an organization cannot function effectively.
      • All Board Members and Senior Management are expected to act in accordance with highest standards of personal and professional integrity, honesty and ethical conduct, while conducting business of the Public Enterprise.

iii. Be fair and take action not to discriminate

      • The value of equality, tolerance, respect for others, and the principles of equal justice govern this imperative. Discrimination, on the basis of race, sex, religion, caste, age, disability, national origins or other such factors, is an explicit violation of this Code.

iv. Honor confidentiality

      • The principle of honesty extends to issues of confidentiality of information. The ethical concern, it to respect all obligations of confidentiality to all stakeholders unless discharged from such obligations by requirements of the law or other principles of this Code.
      • All Board Members and Senior Management, therefore, shall maintain the confidentiality of all confidential unpublished information about business and affairs of the CPSE.
      • Remain vigilant and work towards growth and reputation of the Company.
      • Bring pride to the organization and provide value-based..

      1. 1. Introduction
        • The Code shall be called "The Code of Business Conduct & Ethics for Board Members and Senior Management" of Pawan Hans Ltd. (hereinafter referred to as "the Company)
        • The purpose of this Code is to enhance ethical and transparent process in managing the affairs of the Company.
        • This Code the Board Members and Senior Management has been framed specially in compliance of the Guidelines of DPE.
      2. 2. Definitions and Interpretations :
        • The team “Board Members” shall mean Directors on the Board of Directors of the Company
        • The term “Whole-time Directors” or “Functional Directors” shall be the Directors on the Board of Directors of the Company who are in whole-time employment of the Company.
        • The term “Part-time Directors” shall mean Directors on the Board of Directors of the Company who are not in whole time employment of the Company.
        • The term “Relative” shall have the same meaning as defined in Section 6 of the Companies Act,1956.
        • The term “Senior Management” shall mean personnel of the Company who are members of its core management team excluding Board of Directors and would comprise all members of management one level below the Whole time Directors, including all functional heads.
        • The term “the Company” shall mean Pawan Hans Ltd. (name of the Company).
      3. 3. Applicability
        • This code shall be applicable to the following personnel :
          1. All Whole-time Directors including the Chairman & Managing Director of the Company.
          2. All Part-time Directors including independent Directors under the provisions of law.
          3. Senior Management.
        • The Whole-time Directors and Senior Management should continue to comply with other applicable/ to be applicable policies, rules and procedures of the Company.
      4. 4. Contents of Code
        • General Moral Imperatives
        • Specific Professional Responsibilities
        • Specific Additional Provisions for Board Members and Senior Management.

      This code is intended to serve as a basis for ethical decision making in the conduct of professional work.

      It may also serve as a basis for judging the merit of a formal compliant pertaining to violation of professional ethical standards.

      It is understood that some words and phrases in the code of ethics and conduct document are
      subject to varying interpretations. In case of any conflict, the decision of the Board shall be final.

      PART - 1

      1. General Moral Imperatives

      i. Contribute to society and human well being

        • This principle concerning the quality of life of all people, affirms an obligation to protect fundamental human rights and to respect the diversity of all cultures. We must attempt to ensure that the products of our efforts will be uses in socially responsible ways, will meet social needs and will avoid harmful effects to health and welfare of others. In addition to a safe social environment, human well being includes a safe natural environment.
        • Therefore, all Board Members and Senior Management who are accountable for the design, development, manufacture and promotions of company’s products, must be alert to, and make others aware of, both a legal and a moral responsibility for the safety and the protection of human life and environment.

      ii. Be honest and trustworthy & practice integrity

          • Integrity and honesty are essential components of trust. Without trust an organization cannot function effectively.
          • All Board Members and Senior Management are expected to act in accordance with highest standards of personal and professional integrity, honesty and ethical conduct, while conducting business of the Public Enterprise.

      iii. Be fair and take action not to discriminate

          • The value of equality, tolerance, respect for others, and the principles of equal justice govern this imperative. Discrimination, on the basis of race, sex, religion, caste, age, disability, national origins or other such factors, is an explicit violation of this Code.

      iv. Honor confidentiality

          • The principle of honesty extends to issues of confidentiality of information. The ethical concern, it to respect all obligations of confidentiality to all stakeholders unless discharged from such obligations by requirements of the law or other principles of this Code.
          • All Board Members and Senior Management, therefore, shall maintain the confidentiality of all confidential unpublished information about business and affairs of the CPSE.
          • Remain vigilant and work towards growth and reputation of the Company.
          • Bring pride to the organization and provide value-based..

For More Informations, Please Contact

Sh. Sanjiv Agarwal
GM (Legal & Company Secretary)
Phone: 01202476775
Fax:
E-Mail: sanjiv.agarwal@pawanhans.co.in
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