At Nahar, each company continues to practice good Corporate Governance. The Group firmly believes that good Corporate Governance is the key to success in business. The Group’s corporate philosophy envisages creation and maximization of Shareholder’s/Stake holder's wealth while observing the highest levels of transparency and accountability.
At Nahar, each company is committed to conduct its business in accordance with the applicable laws, rules and regulations and the highest standards of transparency. The herein mentioned code of conduct, applies to all the Directors and Senior Managers of the Company and sets forth specific guidelines for the performance of their professional duties/responsibilities.
Compliance with Laws, Rules and Regulations
All Directors and Senior Management Personnel shall act in the interest of the company and shall comply with all the applicable laws, rules and regulations of the relevant regulatory and other authorities as may be applicable to such Directors and Senior Management Personnel in their individual capacities.
Conflict of Interest
No Director or Senior Management Personnel shall engage in any business or activity or enter into any relationship which might result in conflict of interest with that of the company unless he/she makes full disclosure of all the facts and circumstances to the Audit Committee and obtains written approval of Chairman or Managing Director of the company.
Security Transactions/Confidential Information
All Directors and Senior Management Personnel shall safeguard the confidentiality of all the information that they become privy to in connection with the company’s business and shall not derive any benefit or assist others to derive any benefit from such confidential information which is not in the public domain and thus, continues to be “insider" information.
Protecting company's assets
All Directors and Senior Management/Personnel shall protect the company’s assets and ensure their efficient use for the conduct of Company’s business.
All Directors and Senior Management Personnel shall disclose all the financial/commercial transactions in which they might be or deemed to be involved or interested either himself/herself or through their relatives as defined in the Act.