Ethics Policy
Objective:
This Policy contains the moral and ethical standards by which the
Company, its Board, each employee, officer and Employees of the
Company are to conduct the business activities of Chandgad Urban Coop. Bank Ltd., Chandgad,Kolhapur.
Policy guidelines:
INTEGRITY
The business of Chandgad Urban Coop. Bank Ltd., Chandgad,Kolhapur shall be conducted according to the highest
standards of integrity and ethics, with due regard for all
applicable laws. Each employee, officer, director is expected to
exercise sound judgment in all matters involving business ethics and
integrity and to refrain from any conduct that could be questionable
on ethical grounds.
COMPLIANCE WITH LAWS
Fundamental to high ethical standards is that all Employees,
Officers, and Directors are expected to be familiar with the laws,
rules and regulations applicable to their areas of responsibility
and are expected at all times to comply with all applicable laws and
regulations and to comply fully with the policies of the
Company.
DUTIES AND RESPONSIBILITIES OF INDEPENDENT DIRECTORS
An independent director shall:
uphold ethical standards of
integrity and probity;
act objectively and constructively while
exercising his duties;
exercise his responsibilities in a bona
fide manner in the interest of the company;
devote sufficient
time and attention to his professional obligations for informed and
balanced decision making;
refrain from any action that would lead
to loss of his independence. Where circumstances arise which make an
independent director lose his independence, the independent director
must immediately inform the Board accordingly;
assist the company
in implementing the best corporate governance practices.
EQUAL EMPLOYMENT OPPORTUNITY
All Employees and applicants shall be treated equally according to
their individual qualifications, abilities, experiences, and other
employment standards. There will be no discrimination due to race,
religion, colour, national origin, sex, age, disability, or
veteran/military status. The prohibition of discrimination based on
sex includes sexual harassment. Every employee, officer and director
is expected to comply with the Company's policy against
harassment.
ENVIRONMENTAL RESPONSIBILITY
It is the policy of Chandgad Urban Coop. Bank Ltd., Chandgad,Kolhapur, as a part of the larger community and
responsible citizen, to protect the environment for the health,
safety, and quality of life of our communities, customers and the
public at large. Compliance is the baseline of performance for all
Chandgad Urban Coop. Bank Ltd., Chandgad,Kolhapur operations and Employees.
SAFETY
Our goal is to protect all those employed with the Companies economic
activity from work hazards and personal injury. Our Workplace Safety
and Health Policy part of Employee Handbook contains our objectives
and strategies to meet our goal. All operations of the Company are
subject to this Policy.
FAIRDEALING
The Company is committed to dealing fairly and honestly with its
customers, suppliers, and competitors. Employees, Officers, and
Directors may not offer customers (or Employees of customers) any
benefits, rewards, or things of value, which may violate the law, the
customer's policies, or our business practices.
Our policy
is to compete solely on the merits of our products and services. No
false or misleading statements or innuendo will be made out for our
competitors. All comparisons of our products or services with those of
our competitors must be accurate and factually supported. Employees,
Officers and Directors are strictly forbidden from using any illegal
or unethical methods to gather competitive information.
POLITICAL AFFAIRS
No contributions from Company funds are to be made directly or
indirectly, to any political candidates or political organizations
unless permitted by law and approved by Promoter Director/s.
CONFLICTS OF INTEREST
Each employee, officer and director have the legal duty to carry
out his or her responsibilities with the utmost good faith and
loyalty to the Company. An employee, officer and director should
never place himself or herself in a position where his or her
personal interests could interfere in any way with the interests of
the Company or any of its subsidiaries.
MISUSE OF ASSETS OR SERVICES; ACCURATE AND COMPLETE RECORDS
Using any funds or other assets of the Company, or providing any
services for any purpose, that is unauthorized by the Company or
violates the law of any applicable jurisdiction (domestic or
foreign) is strictly prohibited.
Employees should ensure
that corporate records fairly and accurately reflect all
transactions and dispositions of our assets in reasonable detail. No
false or artificial entries shall be made in any Company books or
records for any reason, and no employee shall engage in any
arrangement that results in such a prohibited act. Employees are
expected to cooperate fully with auditors of the Company.
IMPROPER INFLUENCE, FOREIGN CORRUPT PRACTICES ACT
No offer of or payment of any gift, loan or gratuity is to be
made either directly or indirectly to any business or government
entity or any employee of such
.
(C) All rights Reserved 2024. - Chandgad Urban Coop. Bank Ltd.,
Chandgad,Kolhapur