Elucidate the following: (a) Contents of a code of conduct

Code of conduct or what is popularly known as Code of Business Conduct contains standards of business conduct that must guide actions of the Board and senior management of the Company. The code of conduct may include the following: Company Values. Avoidance of conflict of interests. Accurate and timely disclosure in reports and documents that the company files before Government agencies, as well as in the company's other communications. Compliance of applicable laws, rules and regulations including Insider Trading Regulations. Maintaining confidentiality of the company affairs. Standards of business conduct for the company's customers, communities, suppliers, shareholders, competitors, employees. Prohibition of Directors and senior management from taking corporate opportunities for themselves or their families. Review of the adequacy of the Code annually by the Board. No authority to waive off the Code should be given to anyone in any circumstances. The Code of Conduct for each Company summarizes its philosophy of doing business.