Page 38 - Chambal SR_2015-16

We have set exemplary standards of ethical
behaviour and have zero tolerance for corruption
at the workplace. In addition to the code of conduct
and ethics and a whistle blower policy, we have
an adequate internal system in place to control
corruption. This system comprises authorization
levels, supervision, checks and balances, financial
limits of authority and procedures through
documented policy guidelines and manuals,
which provide that all transactions are authorized,
recorded and reported correctly and compliance
with policies and statutes are ensured.

The code acts as a guiding document for suggestive Strict internal control system mitigates any
behaviour in dealing with the Company, fellow corruption related risk and these systems enable
directors, employees and the external operating employees to take necessary steps to deal with such
environment. The purpose of this code is to exigencies. Any proven cases of corruption result
conduct the Company’s business ethically and in immediate termination of service. During the
with responsibility, integrity, fairness, transparency reporting year, there were no reported cases of
and honesty. This code of conduct is also a tool in corruption in the organization.
carrying out the Company’s social responsibility in
a more effective manner. It is applicable to the Board
of Directors and members of the core management
team including members of management, one
level below that of executive director and all
functional heads. The code covers issues like
regulatory compliance, conflict of interest, bribery
and corruption, safety, environment and health,
financial and operational integrity. The code can be
accessed at www.chambalfertilisers.com/images/
pdf/Code_of_Conduct.pdf

PReventIOn Of CORRuPtIOn
We have formulated a whistle blower policy,
which enables directors, employees and other
stakeholders to report concerns about unethical
behaviour, actual or suspected fraud or violation of
the Company’s “Code of Conduct and Ethics’’. The
directors and employees are not only encouraged
but required to report their genuine concerns and
grievances under this policy. The vigil mechanism
under the policy provides adequate safeguards
against victimization of the directors and the
employees who avail of the mechanism and also
provide for direct access to the chairman of the
Audit Committee in exceptional cases.

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