Code of Business Conduct
Our business decisions are steered by the core
tenets mentioned in our vow.
We observe high standards of business and personal
ethics in the conduct of our duties and
responsibilities. This is achieved by the practice
of fair dealing, honesty and integrity in every
aspect of dealing with the public, the business
community, customers, suppliers, competitors and
government authorities. When acting on behalf
of the company, the promoters and employees shall
not take unfair advantage through manipulation,
concealment, abuse of privileged information,
misrepresentation of material facts, or other
unfair-dealing practices. Acting with honesty
and integrity, avoiding actual or apparent conflicts
of interest in personal and professional
relationships.
The Company (Kautilya Commodities) may enter into
business relationships with other persons and
companies outside Madagascar. These "International
Business Relationships" can take the form of agency
agreements, joint ventures and other forms of
business combinations. Company policy governs the
manner in which it will enter into and manage these
business relationships.
The term "International Business Relationships"
includes the following:
-
Employment of an agent, consultant, sponsor
or any other party to assist the Company in
obtaining work or projects, personnel visas,
import licenses, facilities or other matters
necessary for operation within a country or
region;
-
Entering into a joint venture, consortium or
shareholder agreement, or any other
arrangement where another party obtains an
equity interest in the business of an entity
in which the Company also owns an interest
or a share of the profits from any work
performed by the Company;
-
Entering into a distribution, marketing,
sales representation or licensing agreement
where another party distributes, markets,
sells or licenses others or obtains a
license relating to the services, products
or technology of the Company; or
-
Entering into a contract or subcontract
where another party will perform the
majority of the work to be performed under
the Company's contract.
"International Business Relationships" do not
include subcontracts or purchase orders for goods or
routine services in the regular course of business.
While International Business Relationships are
useful in the conduct of the Company's business,
they must be adequately subject to the Company's
systems of control to protect the Company's assets
against unauthorized use.
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