MS AR 2018 (1)

CODE OF BUSINESS CONDUCT &
ETHICAL PRINCIPLES
We believe the best way to build and to maintain trust is to conduct every element
of our business according to the highest standards of integrity. Our ability to do so
rests on the behavior of those who work here, from employees to our Chief Executive
Officer to our Directors. To that end, we select our people based not just on their skills,
accomplishments and potential, but also on their principles and values.
It is impossible to predict the various different unique
circumstances our people will face during their careers. As
such, the policies outlined in this Code should be viewed
as the baseline of expected behavior. While ethical behavior
requires us to comply fully with all laws and regulations,
“compliance” with the law is the minimum standard to which
we hold ourselves.
Our Code of Conduct consists of the following principles
which all Directors and employees are required to apply in
their daily work and observe in the conduct of Company’s
business.
COMPLIANCE WITH LAWS,
RULES AND REGULATIONS
Every Director and employee must comply with all applicable
laws, rules and regulations, including those related to insider
trading, financial reporting, money laundering, fraud, bribery
and corruption.
PERSONAL CONFLICTS
OF INTEREST
Every Director and employee is prohibited from indulging
in actions or relationships that create personal conflicts of
interest unless approved by the Company. It is important that
every Director and employee carefully considers whether
any of their activities or relationships, including business
or volunteer positions outside the Company, could cause
a conflict or the appearance of a conflict with the interests
of the Company. Additionally, personal gain or advantage
must never take precedence over one’s obligations to the
Company. No Director or employee must ever use or attempt
to use their position at the Company to obtain any improper
personal benefit for themselves, their family member(s) or
any other individual or group.
FAIR AND ETHICAL
COMPETITION
Every Director and employee must deal fairly with customers,
suppliers, competitors and each other. No one at the
Company may seek competitive advantage through illegal
or unethical business practices. Taking unfair advantage
of anyone through manipulation, concealment, abuse of
privileged information, misrepresentation of material facts, or
any unfair dealing practice is a violation of this Code.
PROTECTING CONFIDENTIAL
INFORMATION
Every Director and employee must maintain the
confidentiality of the information with which they are
entrusted, including complying with information barrier
procedures applicable to our business. The only exception is
when disclosure is authorized or legally mandated.
06 MUGHAL IRON & STEEL INDUSTRIES LIMITED