Ethics and compliance

The following code of conduct has been approved by the board of directors

Ethical conduct

All directors and employees shall deal on behalf of the Company with professionalism, honesty, integrity as well as high morale and ethical standards. Such conduct shall be fair and transparent and be perceived to be as such by third parties.

Conflict of interest

Any director or employee of the Company shall not engage in any business, relationship or activity, which might detrimentally conflict with the interest of the Company.

Transparency

All directors and 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. Such transparency shall be brought about through appropriate policies, systems and processes.

Legal compliance

All directors and employees of the Company shall at all times ensure compliance with all the relevant laws and regulations affecting operations of the Company. They shall keep abreast of the affairs of the Company and be kept informed of the Company's compliance with relevant laws, rules and regulations. In the event that the implication of law is not clear, the course of action chosen must be supported by eminent legal counsel whose opinion should be documented.

Rightful use of the Company’s assets

All the assets of the Company both tangible and intangible shall be employed for the purpose of conducting the business for which they are duly authorized. None of the assets of the Company should be misused or diverted for personal purpose.

Cost consciousness

All the directors and employees of the Company should strive for optimum utilization of available resources. They shall exercise care to ensure that costs are reasonable and there is no wastage. It shall be their duty to avoid ostentation in Company expenditure.

Confidential information

All directors and employees shall ensure that any confidential information gained in their official capacity is not utilized for personal profit or for the advantage of any other person. They shall not provide any information either formally or informally to the press or to any other publicity media unless specifically authorized to do so. They shall adhere to the provisions of SEBI (Prohibition of Insider Trading) Regulations, 1992.

Relationships with Suppliers and Customers

The directors and employees of the Company during the course of interaction with suppliers and customers, shall neither receive nor offer or make, directly and indirectly, any illegal payments, remuneration, gifts, donations or comparable benefits which are intended or perceived to obtain business or uncompetitive favors for the conduct of its business. However, this is not intended to include gifts of customary nature.



Safety ethics in the work place

Gleanore is committed to occupational health and safety and the protection of its workers and the general public, and believes all employees, contractors, visitors and members of the public have the right to be protected from hazards and risks associated with our work.

How we follow these ethics

  • Provide a safe work environment, believing worker safety is absolutely critical to its success.
  • Continuously develop, communicate and promote health and safety awareness amongst employees, contractors, visitors and the public.
  • Provide safety orientation, procedures, training and necessary personal protective equipment (PPE) to all those present at our facility.
  • Measure and evaluate safety performance using key performance indicators (KPI’s).
  • Maintain a process to promote continuous improvement of its safety management system, processes and results.