This code of ethics / conduct intends to ensure adherence to highest business and
ethical standards while conducting the business and compliance with the legal and
regulatory requirements.
Corporate Governance
Clause 49 of the listing agreement requires as part of Corporate Governance the
listed entities to lay down a code of conduct for Directors on the Board of an entity
and its senior management.
Explanation :
For this purpose, the term "senior management" shall mean personnel of the company
who are members of its core management team excluding Board of Directors. Normally,
this would comprise all members of management one level below the executive directors,
including all functional heads.
Accordingly S&S Power Switchgear Limited has laid down this code for its directors
on the Board and its core management.
Conduct
The company shall strive to promote honesty in the ethical conduct of business and
management, ethical handling of apparent conflicts of interest between personal
and professional relationship.
Conflict of interest
When personal interest of any member of the Board of Directors and of core management
conflicts with the interest of the company in any material transaction, the interest
of the company will prevail. If there is any material transaction that reasonably
could expect to give rise to such conflict, the Board members shall avoid such conflict
and disclose it to the Board, which will uphold the interest of the company above
than other interest.
Confidentiality of information and fair dealing
The Board and officials shall ensure the maintenance of confidentiality of information
about its business, customers and other materially significant information obtained
or created in connection with any activities with the business of the company.
Information communication
The Board and officials will strive to provide to the Government of India –
Ministry of Company Affairs, Stock Exchanges and other regulators accurate, and
timely disclosures.
Waiver and Violation of the code
Any waiver of provisions of this code of conduct for a member of the Board shall
be approved in writing by the Board.
The board shall have power to take any necessary action in case of any violation
of the code.
