SVPL is committed to conducting business in accordance with the highest standards of transparent and equitable governance, business ethics, and compliance with applicable laws, rules and regulations. The Board of Directors and the Senior Management of SVPL abide by the following Code of Conduct that provides a framework of the firm’s ethical and legal guidelines which in turn enables the company to conduct day-to-day business smoothly. The Code of Conduct stipulations are:-
- Use due care and diligence in performing official duties and exercising the powers in the performance of the duties
- Act fairly while exercising the powers of the office, in good faith and in the best interests of the company on the whole
- Not misusing information or taking undue advantage of one’s respective position as a director
- Giving precedence to SVPL’s interests over personal interests and not allowing the former come in conflict with the latter.
- Not to engage in conduct likely to discredit or bring disgrace upon SVPL
- Maintain impartiality in actions and judgements, take necessary steps to be satisfied with the soundness and accountability of all decisions taken by the Board of Directors
- Shall as far as practicable, protect the Company’s assets from loss, damage, misuse or theft and ensure that the assets are only used for business purposes and other purposes specifically approved by Management and must never be used for unauthorized purposes.
- Ensure the confidentiality of information they receive whilst being in the office of Director and is only disclosed if authorized by the company, or the person from whom the information is provided, or as required by law.
This code of ethics and business policies of Swaika Vanaspati Products Ltd. apply to directors holding executive positions and executives in senior management.
