UTTAR PRADESH DEVELOPMENT CORPORATION LIMITED, LUCKNOW

CODE OF CONDUCT

 

 

            The Board of Directors (the "Board") and the senior management of Uttar Pradesh Development Corporation Ltd. (Updesco) undertake to abide by following Code of Conduct adopted by the Board and affirm compliance with this code on an Annual Basis by acknowledging the same as provided in the end.

            The Code is named as "Code of conduct" for the Board of Directors and Senior Management. 

APPLICABILITY

            The code is applicable to all the members of the Board of Directors and Senior management of the company. Senior Management shall mean personnel of the company who are members of its core management excluding Board of Directors.

THE CODE

Conflict of Interest :

            The Directors and Senior Management should be scrupulous in avoiding 'conflicts of interest' with the company. In case there is likely to be conflict of interest, in case of a senior management personnel, he/she should make full discloser of all facts and circumstances thereof to Managing Director and a prior written approval should be obtained. In case there is likely to be a conflict of interest in the case of Managing Director, he should make full discloser of all facts and circumstances to the Chairman of the Board. The Chairman and any Director of the board in like circumstances should make full discloser to the Board.

Conduct :

            The Directors and Senior Management shall act in accordance with the highest standards of personal and professional integrity, honesty and ethical conduct and use their powers of office, in good faith and in the best interest of the Corporation as whole.  

Confidentiality :

            The Directors and Senior Management shall maintain the confidentiality of confidential information of the Corporation or that of any customer, supplier or business associates of the Corporation to which Corporation has a duty to maintain confidentiality, except when discloser is authorised or legally mandated.  The information includes all non-public information that might be of use to competitors or disclosure of which might be harmful to Corporation or its business associates. The use of confidential information for his/her own advantage or profit is also prohibited.

Protection and Proper Use of Corporation's Assets :

            The Directors and Senior Management should protect Corporation's assets and property. Company's assets should be used only for legitimate business purposes.

            The Directors and Senior Management shall endeavor to ensure compliance with all applicable laws, rules and regulations applicable to the Corporation.