Conflict of Interest
Directors on the Board of the Company shall not engage in any business, relationship or activity, which may be in conflict of interest with the Company of the group.
Conflict can arise in many situations. It is not possible to cover every possible conflict situatin and at times, it will not be easy to distinguish between proper and improper activity. Set forth, are some of the common circumstances that may lead to a conflict of interest, actual or potential.
Directors should not engage in any activity/employment that interferes with the performance or responsibilities to the company or is otherwise in conflict with or prejudicial to the Company.
Directors should avoid conducting Company business with a relative or with a firm/company in which a relative/related party is associated in any significant role.
If such related party transaction is unavoidable, it must be fully disclosed to the Board of the Company.