Annual Reports
Code of Conduct and Ethics
SI. VI. Shipping Corporation Ltd. is committed to conduct its business in accordance with applicable Laws of the State and the Country. M/s Si. Vi. Shipping Corporation Ltd. is further committed in accordance with its Rules and Regulations with highest standards of Business Ethics. This Code is intended to provide guidance and help in recognising and dealing with ethical issues, provide a mechanism to report unethical conduct, and to help foster a culture of Honesty and Accountability. Each Director / Member of the Senior Management of the Company shall comply with the provisions of this Code.

Every Director and Member of the Senior Management has a duty to safeguard the confidentiality of all critical information obtained during the course of his/her work in the Company. No Director or Member of the Senior Management shall use his/her position or knowledge about the Company or any price sensitive information to gain personal benefit or to provide benefit to any third party. 


Each Director and Member of the Senior Management shall endeavour to take due care in the performance of his/her duties, be loyal to the Company and act in good faith, prudence and in a manner the Director/ Member of the Senior Management reasonably believes to be in, or not opposed to, the best interests of the Company. 

The general principles governing their conduct shall be as follows:-

1. Honesty and Integrity:
The members of the Senior Management shall act honestly and with integrity, in good faith and in the best interests of the Company as a whole. Their conduct shall be in accordance with the highest standards of personal and professional integrity, honesty and ethical conduct not only on the Company's premises but also at Company sponsored business, social events as well as other places. 
2. Conduct:
The Senior Management shall not engage in conduct likely to bring discredit to the Company and be independent in judgment and actions and shall take all reasonable steps to arrive at sound decisions.  They shall recognize that his/her primary responsibility is towards the Company’s interest.
3. Law Abiding:
A Director and Senior member of the Company must not only comply with applicable laws, rules and regulations but should also promote honest and ethical conduct of the business. She/he must abide by the policies and procedures that govern the conduct of the Company's business. Their responsibilities include helping to create and maintain a culture of high ethical standards and commitment to compliance, and to maintain a congenial work environment.
4. Conflict of Interest:
A Director or member of senior Management shall not allow personal interests to conflict with the interests of the Company. They are expected to dedicate his/her best efforts to advance the Company's interests and to make decisions based on the Company's best interests and independent of outside influences. Their action should be scrupulous in avoiding ‘conflicts of interest' with the Company. In case there is likely to be a conflict of interest, he/she should make full disclosure of all facts and circumstances thereof to the Executive Director and a prior approval should be obtained before entering into any such transaction.
5. Concurrent Employment:
Consistent with applicable laws, an employee of the Company shall not, without the requisite, officially written approval of the Company, accept employment or a position of responsibility  with any other company, nor provide freelance services to anyone, whether with or without remuneration.
6. Gifts:
The member of senior Management and Directors of the Company and members of their immediate families shall not accept gifts from persons or firms who deal with the Company where the gift is being made in order to influence them or where acceptance of the gift could create the appearance of conflict of interest. However, an employee may, with full disclosure, accept and offer nominal gifts, provided such gifts are customarily given and/or are of a commemorative nature.
7. Confidentiality:
The members of Senior Management and all employees of the Company shall maintain the confidentiality of confidential information of the Company or that of any customer, supplier or business associate of the Company to which Company has a duty to maintain confidentiality, except when such disclosure is authorised or legally mandated, such information in the course of their service as Director/ Senior Management, Employee of the Company for their personal advantage. 
8. Fair Dealing:
A Director/SME of the Company shall deal fairly with customers, suppliers, competitors, and employees of group companies. They should not take unfair advantage of anyone through manipulation, concealment, abuse of confidential, proprietary or trade secret information, misrepresentation of material facts, or any other unfair dealings / practices.
9. Protections and Proper Use of Company's Assets:-
Senior Management and all the employees of the Company should protect the Company's assets and property and ensure its efficient use. Theft, carelessness, and waste of the Company's assets and property have a direct impact on the Company's profitability. The Company's assets should be used only for legitimate business purposes. These include tangible assets such as equipment and machinery, systems, facilities, materials and resources, as well as intangible assets such as information technology and systems, proprietary information, intellectual property, and relationships with customers and suppliers.
10. Health, safety and environment:
The Company shall strive to provide a safe, healthy and clean working environment for its employees. It shall prevent wasteful use of natural resources and be committed to protecting the environment, particularly with regard to the emission of greenhouse gases, and shall endeavor to offset the effect of climate change in all spheres of its activities.
The Company, in the process of production and sale of its products and services, shall strive for economic, social and environmental sustainability.
11. Compliance with Code of Conduct:
If any member of the Senior Management or any employee of the Company who knows of, or suspects a violation of applicable laws, rules or regulations or this Code, s/he must immediately report the same to the Executive Director/ Chief Executive Officer. Such person should, as far as possible, provide the details of suspected violations with all known particulars relating to the issue. The Company recognises that resolving such problems or concerns will advance the overall interests of the Company that will help to safeguard the Company's assets, financial integrity and reputation. All reported violations would be appropriately investigated.
Violations of this Code of Ethics will result in disciplinary action, which may even include termination of service. The Executive Director/ Chief Executive Officer or the Committee nominated by the Board of Directors shall determine appropriate action in response to violations of this Code.
12. Interpretation of Code:
Any question or interpretation under this Code shall be handled by the Executive Director/ Chief Executive Officer or the Board of Directors depending on merit of each case.