Business Principles
DIVYAKANTI INDUSTRIES LIMITED has earned a reputation for conducting its business with integrity and with respect for the interests of those our activities can affect. This reputation is anasset, just as real as our people and brands. Our first priority is to be a successful business and that means investing for growth and balancingshort term and long term interests. It also means caring about our consumers, employees andshareholders, our business partners and the world in which we live. To succeed requires the highest standards of behaviour from all of us. The general principles contained in this Code set out those standards. More detailed guidance tailored to the needs of different countries and companies will build on these principles as appropriate, but will not include any standards less rigorous than those contained in this Code.
We want this Code to be more than a collection of high sounding statements. It must have practical value in our day to day business and each one of us must follow these principles in the spirit as well as the letter.
We conduct our operations with honesty, integrity and openness, and with respect for the human rights and interests of our employees. We shall similarly respect the legitimate interests of those with whom we have relationships.
DIVYAKANTI INDUSTRIES LIMITED companies and employees are required to comply with the laws and regulations of the countries in which we operate.
DIVYAKANTI INDUSTRIES LIMITED is committed to a working environment that promotes diversity and equal opportunity and where there is mutual trust, respect for human rights and no discrimination.We will recruit, employ and promote employees on the sole basis of the qualifications and abilitiesneeded for the work to be performed.We are committed to safe and healthy working conditions for all employees.We will provide employees with a total remuneration package that meets or exceeds the legalminimum standards or appropriate prevailing industry standards.
We will not use any form of forced, compulsory, trafficked or child labour.We are committed to working with employees to develop and enhance each individual's skills and capabilities.We respect the dignity of the individual and support the right of employees to freedom of association and collective bargaining.We will maintain good communications with employees through company based information and We will ensure transparent, fair and confidential procedures for employees to raise concerns.
DIVYAKANTI INDUSTRIES LIMITED is committed to providing branded products and services which consistently offer value in terms of price and quality, and which are safe for their intended use.Products and services will be accurately and properlylabelled, advertised and communicated.
DIVYAKANTI INDUSTRIES LIMITED will conduct its operations in accordance with internationally accepted principles of good corporate governance. We will provide timely, regular and reliable information on our activities, structure, ï¬］ancial situation and performance to all shareholders.
DIVYAKANTI INDUSTRIES LIMITED is committed to establishing mutually beneſtial relations with our suppliers, customers and business partners.In our business dealings we expect our partners to adhere to business principles consistent with our own.
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DIVYAKANTI INDUSTRIES LIMITED strives to be a trusted corporate citizen and, as an integral part of society, to fulï¬〕 our responsibilities to the societies and communities in which we operate.
DIVYAKANTI INDUSTRIES LIMITED companies are encouraged to promote and defend their legitimate business interests.
DIVYAKANTI INDUSTRIES LIMITED will co-operate with governments and other organisations, both directly and through bodies such as trade associations, in the development of proposed legislation and other regulations which may affect legitimate business interests.
DIVYAKANTI INDUSTRIES LIMITED neither supports political parties nor contributes to the funds of groups whose activities are calculated to promote party interests.
DIVYAKANTI INDUSTRIES LIMITED is committed to making continuous improvements in the management of our environmental impact and to the longer-term goal of developing a sustainable business.
DIVYAKANTI INDUSTRIES LIMITED will work in partnership with others to promote environmental care, increase understanding of environmental issues and disseminate good practice.
DIVYAKANTI INDUSTRIES LIMITED neither supports political parties nor contributes to the funds of groups whose activities are calculated to promote party interests.
In our scientiſt innovation to meet consumer needs we will respect the concerns of our consumers and of society. We will work on the basis of sound science, applying rigorous standards of product safety.
DIVYAKANTI INDUSTRIES LIMITED believes in vigorous yet fair competition and supports the development of appropriate competition laws.
DIVYAKANTI INDUSTRIES LIMITED companies and employees will conduct their operations in accordance with the principles of fair competition and all applicable regulations.
DIVYAKANTI INDUSTRIES LIMITED does not give or receive, whether directly or indirectly, bribes or other improper advantages for business or ï¬］ancial gain. No employee may offer, give or receive any gift or payment which is, or may be construed as being, a bribe. Any demand for, or offer of, a bribe must be rejected immediately and reported to management. DIVYAKANTI INDUSTRIES LIMITED accounting records and supporting documents must accurately describe and reflect the nature of the underlying transactions. No undisclosed or unrecorded account, fund or asset will be established or maintained.
All DIVYAKANTI INDUSTRIES LIMITED employees are expected to avoid personal activities and ï¬］ancial interests which could conflict with their responsibilities to the company.DIVYAKANTI INDUSTRIES LIMITED employees must not seek gain for themselves or others through misuse of their positions.
Compliance with these principles is an essential element in our business success. The DIVYAKANTI INDUSTRIES LIMITED Board is responsible for ensuring these principles are applied throughout DIVYAKANTI INDUSTRIES LIMITED.The Chief Executive Officer (CEO) is responsible for implementing these principles and is supported in this by the Global Code and Policy Committee, which is chaired by the Chief Legal Officer.
Day-to-day responsibility is delegated to all senior management of the geographies, categories, functions and operating companies. They are responsible for implementing these principles,supported by local Code Committees. Assurance of compliance is given and monitored each year.Compliance is subject to review by the Board supported by the Corporate Responsibility Committee.
and for financial and accounting issues the Audit Committee.Any breaches of the Code must be reported. The Board of DIVYAKANTI INDUSTRIES LIMITED willnot criticise management for any loss of business resulting from adherence to these principles andother mandatory policies. Provision has been made for employees to be able to report in confidence and no employee will suffer as a consequence of doing so.