CODE OF CONDUCT POLICY
Our commitment towards ethics, values and integrity
Coptech code of contact policy describes the fundamental norms which drive the internal clients and external clients to act in a uniform fashion by giving importance to ethics, values and integrity.
The scope of our organizations code of conduct is to take a right decision on human capital administration and management and business related matters, to prevent and protect the benefits and welfare of internal clients, external clients and society on the whole.
1.0 Objective
The primary objective of this policy is to promote honest, ethical and lawful conduct by all employees and directors of Coptech Wire Industry. This policy is intended to help employees to understand Coptech Wire Industry’s standards of ethical business practices and to stimulate awareness of ethical and legal issues that may be encountered in carrying out their responsibilities as secondary and tertiary objectives.
2.0 Scope & Eligibility
This policy applies to all and/or any business activity that is conducted within the internal or external environment of the company.
3.0 Responsibilities
4 Policy - 4.1 Protection and Proper Use of Company Assets
Every employee and director has a personal responsibility to protect the assets of Coptech Wire Industry from misuse or misappropriation. The assets of Coptech Wire Industry include tangible assets, such as products, equipment and facilities, as well as intangible assets, such as corporate opportunities, intellectual property, trade secrets and business information (including any non-public information learned as an employee or director of Coptech Wire Industry).
4.2 Corporate Opportunities
No employee or director of Coptech Wire Industry shall for personal, or any other person’s or entity’s gain, deprive Coptech Wire Industry of any business opportunity which could be construed as relating to any existing or reasonably anticipated future activity of Coptech Wire Industry. Employees and directors who learn of any such opportunity through their association with Coptech Wire Industry may not disclose it to a third party or invest in the opportunity without first offering it to Coptech Wire Industry.
4.3 Confidential Information/Privacy
Coptech Wire Industry employees and directors entrusted with confidential or proprietary information (about Coptech Wire Industry, its suppliers, customers or other constituents) shall not disclose that information outside Coptech Wire Industry during or after service with Coptech Wire Industry, except with written authorization of Coptech Wire Industry or as may be otherwise required by law. Employees and directors shall not use confidential information for their own personal benefit or that of persons or entities outside Coptech Wire Industry.
Confidential information includes all non-public information learned as an employee or director of Coptech Wire Industry. It includes, but is not limited to:
- Non-public information that might be of use to competitors, of interest to the press, or harmful to Coptech Wire Industry or its customers, if disclosed.
- Non-public information about Coptech Wire Industry’s financial condition, prospects or plans, its marketing and sales programs, research and development information, as well as information relating to mergers and acquisitions, stock splits and divestitures;
- Non-public information concerning possible transactions with other companies or information about Coptech Wire Industry’s customers, suppliers or joint venture partners, which Coptech Wire Industry is under an obligation to maintain as confidential;
- Non-public information about discussions and deliberations, relating to business issues and decisions, between and among employees and directors.
The foregoing is in addition to the provisions contained in Coptech Wire Industry’s standard “Agreement Concerning Confidentiality and Non-Disclosure.”
5.1 Compliance with Other Laws, Rules and Regulations
5.1.1 General
Coptech Wire Industry employees and directors shall comply with all applicable laws and material rules and regulations in India. Violation of domestic or foreign laws, rules and regulations may subject the individual and Coptech Wire Industry to civil and/or criminal penalties.
5.1.2 Inquiries from the Media and Public
Employees and directors (other than the Managing Director, the Chief Financial Officer) are not authorized to, and shall not, answer questions from the media, analysts, investors or any other members of the public pertaining to Coptech Wire Industry’s financial condition in any form, and shall immediately report any such inquiry to the Managing Director or Manager HR.
5.1.3 Political Contributions and Activities
Employees and directors shall not make any direct or indirect political contribution (including the use of Company property, equipment, funds or other assets) of any kind in the name of Coptech Wire Industry, or by using Company funds, unless Coptech Wire Industry’s Board of Directors has approved of such contribution or legal counsel has certified in writing that such political contribution complies with applicable law.
5.1.4 Foreign Corrupt Practices Act/ Anti-Bribery and Corruption Act
No employee or director shall give anything of value directly or indirectly to any government official, agent or employee anywhere in the world in return for such person’s assistance or influence (including the failure by such individual to properly perform his/her official duty) the purpose of which is to obtain favoured treatment with respect to obtaining, retaining or directing business to Coptech Wire Industry.
5.2 Accounting Practices, Books and Records, and Record Retention
Employees and directors are strictly prohibited from doing anything to mislead or coerce independent auditors or members of internal audit staff regarding issues related to audit, accounting or financial disclosures; any such attempt will result in serious legal consequences for the perpetrator, including criminal sanctions.
Any effort to mislead or coerce the independent auditors or a member of internal audit staff concerning issues related to audit, accounting or financial disclosure has serious legal consequences for the perpetrator, including criminal sanctions, and for Coptech Wire Industry and is strictly prohibited. Employees are prohibited from destroying or altering any document relevant to any pending, threatened, or anticipated litigation, investigation or audit. No corporate record shall be destroyed by an employee without consultation with and permission from the employee’s manager to ensure compliance with Companypolicies.
5.3 Exceptions and Violations
- Only the Managing Director may permit a waiver to the Code of Conduct.
- Violations of the Code of Conduct may result in suspension, demotion, diminution of responsibilities, termination of employment, and termination of board service.
6.0 References/Related Documents
- All applicable laws and material rules and regulations in India and countries where Coptech Wire Industry does business.
- Company policies.
- Non-disclosure Agreement.
7.0 Policy Review and Change Authorization
This policy can be amended/modified/withdrawn at any point of time without any notice at the discretion of the management represented by policy owner.
8.0 References/Related Documents
Non-disclosure Agreement