Sanmar Vision and Standards

Guiding Principles

• Shareholders: Increase shareholder value by focusing on optimal usage of resources
• Customers: Professional excellence to meet or exceed customer expectations
• Employees: Enhance skills, provide opportunities to grow and a safe work environment
• Society: Be a good corporate citizen and a responsible member of the community
• Work Ethics: Ensure intellectual honesty in every aspect of work and monitor ethical status of the company continuously

Key words from Vision Statement and Guiding Principles

• Integrity
• Excellence
• Stakeholder prosperity
• Continuous basis

Sanmar Standards

What are the Sanmar Standards?

• Enhance Stakeholder Value
• Follow Fair Business Practices
• Foster Sanmar Culture

Stakeholders

• The shareholders
• The customers
• The employees
• The society
• The government

Follow Fair Business Practices

• Transparency
• Equal opportunity
• Stay within the law
• Maintain integrity of records

Foster Sanmar Culture

• Avoiding any semblance of impropriety
• Total commitment to the job
• Professional respect
• Intellectual honesty

General Business Principle

• Ethical dealings with outside parties & avoidance of conflicts of interest
• Declaration of relationships
• Implement Policy 100%
• Clarity of communication
• Transparent appraisal system
• Fair compensation and reward policies
• Protection of proprietary information
• Commitment to safety and environment
• Policy of non-discrimination in work environment

Code of Conduct

• Do not take up any other professional commitments
• Do not have any interests in organisations dealing with the company and its associates
• Do not hire relatives
• Do not discriminate on grounds of race, caste, religion, gender, language or any other factor prohibited by law
• Do not tamper with the integrity of records
• Do not break the law of the land
• Do not offer any 'hidden consideration'
• Do not indulge in substance abuse
• Do not misuse office facilities
• Do not divulge proprietary / confidential information

Reporting Grievances

If ....

You come across

• Possible violation of Sanmar Standards, General Business Principles or Code of Conduct
• Instances of unethical business practices
• Concerns on third party relationships
• Conflict of interest issues
• Harassment or discriminatory behaviour

Then .....

Raise concerns:

• Locally
  • With your superior or your superior's superior or HR
• At Chennai
  • You may choose to communicate directly to Corporate HR; or
  • To the Ombudsman - ombudsman@sanmargroup.com