Videocon Industries Limited set forth principles for as working with Employees, Stakeholders and Customers. The Code of Conduct acts a perpetual reminder of organizations accountability to build interpersonal relations based on Integrity, Honesty, Transparency and Dignity of Human Beings. To be an ethical values company, everyone must practice in the process of ensuring business to be an ideal one.
Applicability of this code
This Code of Conduct shall be applicable and binding on all employees while interacting on company's business activities with other employees, stakeholders, customers, vendors, dealers and distributors, suppliers, contractors of this Organization.
- Accountability of an employee
It is essential to operate our business/operations in the most ethical and professional manner.
- An employee is expected to adhere, adopt and adapt the practices in business ethics many of these practices attracts legal / regulatory requirements.
- Violation of the laws applicable can create significance damage / liability for you /company or even to other employees. We expect the employees to scrupulously carry the accountability and comply.
- Conflict of interest
A "conflict of interest' occurs when:
- Personal interest: - The personal interest of any member of the Board of Directors or the Senior Management interferes or appears to interfere in any way with the interest of the Company. Although this duty does not prevent them from engaging in personal transactions and investments, it does demand that they avoid situations where conflict of interest might occur or appear to occur.
- Involvement/Interference: - The Non-Executive Directors and the Senior Management are expected to devote their attention to the business interest of the Company. They are prohibited from engaging in any activity that interferes with their performance or responsibilities to the Company or otherwise is in conflict with or prejudicial to the Company.
- Business Interests: - If any member of the Board of Directors or the Senior Management considers investing in securities issued by the Company's customer, supplier or competitor, they should ensure that these investments do not compromise their responsibilities to the Company. Many factors including the size and nature of the investment; their ability to influence the Company's decisions, their access to confidential information of the Company, or of the other entity, and the nature of the relationship between the Company and the customer, supplier or competitor should be considered in determining whether a conflict exists. Additionally, they should disclose to the Company any interest that they have which may conflict with business of the Company.
- Use of assets and information confidentiality
- Ensure use of facilities and amenities provided to him / her by the company with care.
- Return the company property while leaving the company on discharge / termination / resignation.
- Not to disclose business strategies / operations to anyone.
- Not to take away critical document / information either physically or through emails.
- Company's Email, Internal and Intranet are primarily use for company's business and not for personal gains.
- Not to send or browse discriminatory / obscene / objectionable pictures or matter.
- Expense reports
Each employee will conduct Company's business with integrity, in compliance with applicable laws and rules, and in a manner that excludes personal gain.
- As per policy, employees would be reimbursed for expenses that are necessary and actually incurred when travelling and/or entertaining on authorized Company business.
- It is the responsibility of the employees to submit timely and accurate expense reports in compliance with applicable policy.
- Those authorized to approve expense reports are charged with ensuring that expenses submitted are in full accordance with the Company's policies, procedures and guidelines.
- Failure to file an expense report to account for Company funds, or submitting or approving false information can result in strict disciplinary action.
- Intellectual property
Videocon and its employees must respect the intellectual property rights of others and take care to protect and maintain its intellectual property.
- "Intellectual Property" includes creative works, the owners of which have legal rights to them and include copyrights, patents, trade secrets and trademarks. Violation can result in substantial liability and in some instances, may even be criminal in nature.
- Any misuse, whether inside the Company or outside, of the Corporate Logo, Channel Logos, Stationery formats etc., must be promptly reported to Legal.
It is therefore very important that all Videocon's personnel take care not only to protect our intellectual property rights, but also avoid violating the rights of others.
- General standards of conduct
The Company expects all Directors and the Senior Management to exercise:
- Good judgment, to ensure the interests, safety and welfare of customers, dealers, employees, and other stakeholders and to maintain a co-operative, efficient, positive, harmonious and productive work environment.
- While discharging duties employee must act honestly and with due diligence, which an ordinary person is expected to behave in his/her own business.
- These standards need to be applied while working in the premises of the Company, at off-site locations where the business is being conducted whether in India or abroad, at Company-Sponsored business and social events, or at any other place whether they act as representatives of the Company.
- Maintain and help the Company in maintaining highest degree of Corporate Governance Practices.
- Shall not communicate with any member of press or publicity media or any other outside agency on matters concerning the Company, except through the designated spokespersons or otherwise authorized.
- Sexual Harassment
Sexual Harassment is forbidden by law and by a specific policy in Videocon. Claims will be promptly investigated and resolved. All efforts will be taken to maintain confidentiality and information will be revealed only on a "need to know" basis.
- It is expected that employees would be dressed in business attire on duty.
- Zero tolerance to misconduct
All employees, vendors, dealers and distributors, suppliers, contractors of this Organization are expected to observe the highest standards of ethics during performance of their services so as to avoid misconduct. For the purposes of this provision, Videocon defines 'misconduct' as under:
- Corrupt Practice' is the offering, giving, receiving or soliciting, directly or indirectly, of anything of value to influence improperly the actions of another party.
- 'Fraudulent Practice' is any act or omission, including a misrepresentation, that knowingly or recklessly misleads, or attempts to mislead, a party to obtain a financial or other benefit or to avoid an obligation.
- 'Collusive Practice' is an arrangement between two or more parties designed to achieve an improper purpose, including to influence improperly the actions of another party.
- 'Coercive Practices' is impairing or harming, or threatening to impair or harm, directly or indirectly, any party or the property of the party to influence improperly the actions of a party.
- Report Violations
It is collective responsibility of all employees & business associates (dealers, distributers, channel partners etc) to promptly report all known or suspected violations of Code of Conduct or applicable laws and other policies, procedures, and guidelines prepared by the Company. Such violations can be reported via e-mail at
- Disciplinary action
The Company intends to prevent the occurrence of conduct not in compliance with this Code of Conduct, applicable laws and other policies, procedures, and guidelines prepared by the Company. The allegations of non-compliance or reported violations with the Code of Conduct will be investigated whenever necessary and evaluated at proper level(s). Those found to be in violation of this Code of Conduct are subject to appropriate actions up to and including termination of employment / future business with the company. Criminal misconduct may be referred to the appropriate legal authorities as per Law.