1. This Code of conduct (this Code) shall be called “The Code of Business Conduct & Ethics for Board Members and Senior Management Personnel of The Jute Corporation of India Limited (hereinafter referred to as “the Company”).
2. The purpose of this Code is to enhance ethical and transparent process in managing the affairs of the Company.
3. This Code for Board Members and Senior Management Personnel has been framed specially in compliance with the Guidelines of Department of Public Enterprise (DPE).
4. It shall come into force with effect from the 13th of September, 2011. 5. The term “Board Members” shall mean Directors on the Board of Directors of the Company.
DEFINITIONS AND INTERPRETATIONS
6. The term “Whole-time Directors” or “Functional Directors” shall be the Directors on the Board of Directors of the Company who are in whole-time employment of the Company.
7. The term “Part-time Directors” shall mean directors on the Board of Directors of the Company who are not in whole time employment of the Company.
8. The term “Relative” shall have the same meaning as defined in Section-6 of the Companies Act, 1956.
9. The term “Senior Management” shall mean personnel of the Company who are members of its core management team excluding Board of Directors and would comprise all members of management at the level of managers and above.
10. The term “the Company” shall mean The Jute Corporation of India Limited(JCI). Code of Business Coduct
and Ethics The Jute Corporation of India Limited
Note : In this Code, words importing the masculine gender shall include feminine gender and words importing singular shall include the plural or viceversa.
11. This code shall be applicable to the following personnel :
a) All Whole-time Directors including the Chairman & Managing Director of the Company.
b) All Part-time Directors including Independent Directors under the provisions of law.
c) Senior Management.
12. The Whole-time Directors and Senior Management should continue to comply with other applicable/to be applicable policies, rules and procedures of the Company.
13. Contents of Code
Part I General Moral Imperatives
Part II Specific Professional Responsibilities
Part III Specific Additional Provisions for Board Members and Senior
This code is intended to serve as a basis for ethical decision making in the conduct of professional work. It may also serve as a basis for judging the merit of a formal complaint pertaining to violation of professional ethical standards. It is understood that some words and phrases in the code of ethics and conduct document are subject to varying interpretations. In case of any conflict, the decision of the Board shall be final.
Contribute to Society and Human well being.
14. This principle concerning the quality of life of all people, affirms an obligation to protect fundamental human rights and to respect the diversity of all cultures. We must attempt to ensure that the products of our efforts will be used in socially responsible ways, will meet social needs and will avoid harmful effects to health and welfare of others. In addition to a safe social environment, human well-being includes a safe natural environment. Code of Business Coduct and Ethics
15. Company’s products, must be alert to, and make others aware of, both a legal and a moral responsibility for the safety and the protection of human life and environment Be honest and trustworthy & Practice Integrity
16. Integrity and Honesty are essential components of trust. Without trust an organization cannot function effectively.
17. All Board Members and Senior Management Personnel are expected to act in accordance with highest standards of personal and professional integrity, honesty and ethical conduct, while conducting company’s business.
Be fair and take action not to discriminate.
18. The value of equality, tolerance, respect for others, and the principles of equity and justice govern this imperative. Discrimination, on the basis of race, sex, religion, caste, age, disability, national origins or other such factors, is an explicit violation of this code.
19. The principle of honesty extends to issues of confidentiality of information. The ethical concern is to respect all obligations of confidentiality to all stakeholders unless discharged from such obligations by requirements of the law or other principles of this Code.
20. All Board Members and Senior Management Personnel, therefore, shall maintain the confidentiality of all confidential unpublished information about Company’s business and affairs.
Pledge & Practice
21. To strive continuously to bring about integrity and transparency in all spheres of the activities.
22. Work unstintingly for eradication of corruption in all spheres of life.
23. Remain vigilant and work towards growth and reputation of the Company
24. Bring pride to the organization and provide value based services to Company’s stakeholders.
25. Do duty conscientiously and without fear or favour.
Live the Vision, Mission and Values of the Company – each day
• To promote genuine interest of jute growers in particular and the jute economy at large.
• To be a leading player in jute economy through price stabilization effort.
• To establish the Company as a Quality leader in the raw jute trade.
27 – MISSION
• Implementation of the policy of the Govt. of India for providing Minimum Support Price (MSP) to the jute/mesta growers of the country as well as
distribution of subsidized certified jute seeds for better quality and yield of jute.
• Serving as a price stabilising agency in the raw jute sector and taking necessary measures in this respect.
• Undertaking various schemes of Jute Technology Mission (MM III) for extending storing of jute, purchase & sale thereof, training to jute growers for adoption of new techniques relating to jute and various extension measures for implementation of different jute related projects.
28 – VALUES
• Zeal to Excel and Zest for change
• Integrity and Fairness in all matters
• Respect for Dignity and Potential of individuals
• Strict Adherence to Commitments
• Ensure Speed of Response
• Foster Learning, Creativity and Team-work
• Loyalty and Pride in the Company
29. Strive to achieve the highest quality, effectiveness and dignity in both the processes and products of professional work Excellence is perhaps the most important obligation of a professional. Everyone, therefore, should strive to achieve the highest quality, effectiveness and dignity in their professional work.
30. Acquire and maintain professional competence Excellence depends on individuals who take responsibility for acquiring and maintaining professional competence. All are, therefore, expected to participate in setting standards for appropriate levels of competence, and strive to achieve those standards.