This website uses cookies

This website uses cookies to ensure you get the best experience. By using our website, you agree to our Privacy Policy

International In-house Counsel Journal logoInternational In-house Counsel Journal logo

Formulating Code of Conduct & Ethics

Abstract

The prospective investors and the stakeholders of any company who want to invest / hold / trade in the stocks of any corporate, want to ensure that the companies, in which they invest in, are not only performing properly, but also has proper corporate governance in place with business ethics and the required regulatory compliance is made. It is important to note that with the growing strength of consumer movements and rising levels of awareness among stakeholders, corporations are now started realizing that stakeholders and consumers are no longer indifferent to unethical practices like financial irregularities, noncompliance of various laws, environmental compliance, tax evasion, hazardous working conditions and above all the poor quality products and services

Read Paper

Author

Bala Balakrishnan
In-House Counsel, Symbiosis Institute of Business Management, India

Professor Bala is a renowned and qualified lawyer and member of seven professional bodies. He has been honoured with Company Secretary of the year 2007- Corporate Highly Commanded , award by the Institute of Chartered Secretaries and Administrators of UK at a glittering ceremony in London, which is featuring in the Limca Book of National records in the year 2009. He is the first such professional in India to achieve this designation for his caliber to go beyond the requirements of his role to maximize opportunities for his organization and he has introduced measures for adoption of best global practices in all areas of business including compliance with UK Combined Code on corporate governance in his organization where he served. Not only this, he is also certified as Internal Control Specialist by the Institute of Internal Control from US, making him a proud person to achieve this certification which also earned him a national record in Limca Book of national records in the year 2008. Further to this, Bala is also got his certification as certified Internal Control Professional by the Institute of Internal Control from US, making him, once again, and a proud person to achieve this certification which also earned him a national record in Limca Book of national records in the year 2010.For more than 28 years, he has been serving with Foseco India Limited, at Pune, India, a GVC-II level certified company for its corporate governance practices and a listed company with Bombay Stock Exchange and National Stock Exchange. He was the Company Secretary and Legal Services Manager of Foseco India Limited before he took up an overseas assignment at the Kingdom of Bahrain where he served about one and a half years as a group company secretary for HiTs Africa Limited a telecom major who has its subsidiaries in Tanzania, Liberia, Democratic Republic of Congo and Equatorial Guinea. He has authored a book titled Handbook on Audit Committee and also co-authored a book of Compliance Guide to Corporate Governance and both of them published by a leading book published known as Taxmann in India. He is well known for his contribution to a large number of professional journals and magazines and he has been delivering lectures and making presentations for the Institute of Company Secretaries of India and other professional bodies. He was a member of the panel set up by the Institute of Cost and Management Accountants of India jointly with the Government of India for introducing and implementing corporate practices in India and was also a member of the Research Committee of the Institute of Company Secretaries of India for its Western Regional office. Currently, Prof Bala, is the visiting faculty of Symbiosis Institute of Business Management at Pune and he is teaching for the management students.

Company

Symbiosis Institute of Business Management

HiTs Africa was established in 2007 by House of Integrated Technologies and Systems, a limited liability company registered in Saudi Arabia (HITS KSA) as an exempted limited liability company registered in the Cayman Islands with an objective of exploring the growing opportunities presented by the telecom sector in Africa. The company’s long term vision is to become a provider of “human communication to connect and improve our customers’’ lives. HiTs Africa intends initially focus on offering telecom services in the identified Target Markets. Currently HiTs Africa is having its expansion plan in Tanzania, Democratic Republic of Congo, Equatorial Guinea and Liberia.

Related Papers

How can lawyers and clients best work together?
We often hear about clients and lawyers frustrated with each other. Certainly, both sides would have wished to avoid the disappointment. However, do we know how to forge a healthy...Read more
Portrait image of Eduardo  Bereterbide
Eduardo Bereterbide
International Arbitration and Litigation Lawyer, Bereterbide Conseils, France
Portrait image of Rafael Melgarejo Davila
Rafael Melgarejo Davila
Legal Principal, Anglo American, Peru
Portrait image of Andy Soh
Andy Soh
Global General Counsel, Abdul Latif Jameel , Singapore
Portrait image of Gordon Mccue
Gordon Mccue
Head of Legal Operations, Shell Oil Company, UK
Portrait image of Anil Abraham
Anil Abraham
General Counsel, SD Guthrie, Malaysia
Portrait image of Davor Domitrovic
Davor Domitrovic
Head of Legal, Quiñenco S.A , Chile
Corporate culture and in-house legal department performance: an unbreakable bond Strong culture, strong lawyers
Corporate culture is a fundamental element that permeates every aspect of an organization, including a company's legal department. It defines the values, norms, expectations and behaviours that guide employees in...Read more
Portrait image of Alfonso Levote
Alfonso Levote
General Consel & Investor Relations, Rosetti Marino S.p.A., Italy
Changing Perceptions: How to stop your colleagues from assuming you’re the ‘Department of No’
An in-house colleague of mine once disclosed that he was known as the ‘Sales Prevention Officer’ in one of the businesses he worked for. And this sort of attitude towards...Read more
Portrait image of Sarah Davis
Sarah Davis
General Counsel, The Legal Director, UK
The Art of Transforming Lawyers into Directors on Receptive Boards
In August, US rental car giant Hertz announced that it is adding two lawyers as board members, a current and a former general counsel of corporations. This is the latest...Read more
Portrait image of Jeffery Tan
Jeffery Tan
Group General Counsel & Chief Sustainability Officer , Jardine Cycle & Carriage Limited, Singapore