Corporate Policies

CODE OF CONDUCT

DIRECTORS AND SENIOR MANAGEMENT

The Board of Directors (the “Board”) and the senior management (“core management team including all functional heads”) of Finolex Cables Limited (the “Company”) do affirm and subscribe to the following Code of Conduct adopted by the Board. All employees of the Company are exhorted to abide by this Code.

Philosophy

The Company’s philosophy envisages attainment of transparency, accountability and propriety in the total functioning of the Company and in the conduct of its business internally and externally, including its interactions with employees, shareholders, deposit holders, creditors, consumers and institutional and other lenders.

The Company believes that its systems and actions must be dovetailed for enhancing performance and shareholder value in the long term.

Ethical Conduct / Conflict of Interest

All employees of the Company shall act honestly in good faith, use due care and diligence in performing their duties, exercising their powers and avoid situations in which their personal interest could conflict with the interest of the Company. Whilst it is not possible to provide a comprehensive guidance in such matters nevertheless the guiding principle is that any conflict or potential conflict must be disclosed to higher management for guidance and appropriate action.

Transparency

All employees of the Company shall ensure that their actions in the conduct of business are totally transparent except where the needs of business security dictate otherwise in the best interests of the Company.

Financial Reporting and Records

The Company shall prepare and maintain its accounts fairly and accurately in accordance with accounting and financial reporting standards which represent the generally accepted guidelines, principles, standards and applicable laws and regulations. Internal accounting and audit procedures shall endeavour to fairly and accurately reflect all of the Company’s business transactions and disposition of assets. The Company’s auditors and authorised parties / government agencies shall have access to all required information.

ENVIRONMENTAL POLICY

Finolex Cables Ltd is engaged in the manufacture of various types of Electrical & Communication Cables. We, at Finolex Cables Limited, believe that a clean and healthy environment is a fundamental necessity for our present and future generations.

Accordingly, we are committed to:
  • Implementing and maintaining an Environmental Management System. Preventing pollution.
  • Complying with applicable legal requirements and with other requirements established
  • Promoting conservation of energy and resources
  • Constantly striving for continual improvement in our environmental performance

QUALITY POLICY

Finolex Cables Limited is engaged in the manufacture of various types of electrical and communication cables. We at Finolex Cables Limited constantly strive to meet and exceed customer expectations in our on-going quest for excellence.

Accordingly, we are committed to:
  • Complying with the requirements of the quality management system implemented
  • Effectively utilising the available resources
  • Constantly striving for improving the level of customer satisfaction; and
  • Continually improving the effectiveness of the quality management system

Other Policies

Internal Dealings / Gender-Friendly workplace

All employees of the Company will uphold the core values of trust, teamwork, mutuality and collaboration, meritocracy, objectivity, self respect and human dignity.

In order to enhance equal opportunities for men and women; to prevent / stop / redress sexual harassment at the workplace, the Company is committed to a gender-friendly workplace. Accordingly, all employees shall demonstrate and promote professional behaviour and respectful treatment to others in the workplace. Employees are encouraged to report any harassment concerns to senior management for guidance and appropriate action.

External Dealings

All employees shall ensure that the Company’s interests are never compromised in their dealings with suppliers and customers. To avoid the possibility of compromising the Company’s interests, employees shall refrain from accepting gifts and presents of more than a nominal value or any gratuity payments or other payments from customers and suppliers. Employees should note that failure to adhere to this requirement will be viewed as a serious breach of discipline inviting appropriate action.

Confidentiality of Information

No employee shall either use or disclose any confidential information gained in the course of employment with the Company for personal profit or for the advantage of any other person. No employee shall provide any information whether formally or informally to the press or to any other publicity media unless specifically authorised to do so by the Company.

An employee of the Company and his or her immediate family shall not derive any benefit or assist others to derive any benefit from the access to and possession of information about the Company or of its associate companies, which is not in the public domain and thus constitutes insider information.

Health, Safety and Environment

The Company believes in providing a safe and healthy working environment by promoting good physical working conditions, standards of hygiene, housekeeping and preservation of the environment.

Regulatory Compliance

The Company attaches great importance to legal and regulatory compliance in the conduct of its business affairs. In case of necessity, the course of action chosen shall be supported by opinion of counsel or experts which should be documented.

No employee of the Company shall engage in conduct likely to bring discredit to the Company and shall, in his or her business conduct, comply with all applicable laws and regulations, both in letter and in spirit.

Protecting Company’s Assets

The assets of the Company should not be misused. Even in their use for Company purposes, employees shall exercise care to ensure that costs are reasonable and avoid wastage in Company expenditure.

Reporting Concerns

Every employee of the Company shall promptly report to the management any actual or possible violation of this Code, or of any event that he or she may become aware of that could affect the business reputation of the Company.

Role Models

No matter how much attention management pays to developing a professional code for the organisation, it is only when senior managers visibly exhibit high professional and ethical standards through their words and actions that they become role models for others in the organisation and thus raise its overall level of professional behaviour. Senior management must constantly reinforce through their actions and behaviour that Company’s stated beliefs are rooted in their individual conviction and personal integrity.