Mr. B Anand
Nayara Energy leads the India’s Oil sector by being one of the most efficient companies
in the country. With the new shareholders taking charge, our Company is set to become
truly global. As we leave our footprints globally, it is inevitable that the smallest
of occurrence will have a huge impact not only on us but also on our shareholders’
brand equity. In such situations as responsible corporate citizens, our success
is defined by the rules of business ethics. These business ethics help us to act
appropriately in complex situations where a conflict of interest may arise between
expectations of employer and actions of Employees.
You are aware that corruption leads to direct economic losses and prevents companies
from developing normally. It is necessary that every Employee is on board with respect
to ethics and conduct. There will be Zero Tolerance of any behaviour, which will
have any related parties giving or receiving kickbacks or working with “friendly”
firms, as this will not only increase the cost of procuring goods and undermine
honest competition in the market, but also poison the atmosphere of professionalism
both inside and outside the company.
Bribes and abuses destroy trust within the workforce, distort the mechanism of fair
distribution of resources, and deprive Employees of the encouragement to perform
better. We believe that any form of corruption is a crime, and those responsible
are liable, irrespective of the form of bribe or advantage obtained, whether real
or intangible, financial or non-financial.
We believe that being honest with oneself - otherwise known as conscience – is the
best protection against becoming involved in “dodgy” schemes. The efficient development
of our Company is fortified by a principle of zero tolerance towards corruption,
fraud and abuses. We advocate common rules of business ethics applying unconditionally
to all Employees, irrespective of rank or length of service in our Company. We are
confident that our Employees are taking and will continue to take the right decision
by not getting involved in potentially corrupt situation and influencing Company’s
decision in respect of the business interests of friends, relations or former colleague.
Consequences of any wrong occurrence by few are felt by all the Employees, hence
we urge you to report any such instances, evidence of corruption, fraud, conflict
of interests or abuse via the Hotline. We, Company’s Senior Management Team are
setting an example by rigorously following these rules in our work. We will do everything
possible to take immediate action and protect your interests.