Write notes on the following: Whistle blower policy.

CS Executive · Capital Markets & Securities Laws · PYQS · June 2015
Write notes on the following: Whistle blower policy.

Answer & Explanation:

Clause 49 (II) (F) of the equity listing agreement deals with the whistle blower mechanism which provides the following: The company shall establish a vigil mechanism for directors and employees to report concerns about unethical behaviour, actual or suspected fraud or violation of the company's code of conduct or ethics policy. This mechanism should also provide for adequate safeguards against victimization of director(s) / employee(s) who avail of the mechanism and also provide for direct access to the Chairman of the Audit Committee in exceptional cases. The details of establishment of such mechanism shall be disclosed by the company on its website and in the Board's report.

Topics: Corporate Governance

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