Larsen & Toubro Limited is a professionally managed Company, having its own vision statement committed to total customer satisfaction and enhancing stakeholder's value.
The Company's philosophy on corporate governance is built on a rich legacy of fair and transparent governance and disclosure practices. This includes respect for human values, individual dignity, and adherence to honest, ethical and professional conduct.
This Code of Conduct ensures compliance with the provisions of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015.
This Code of Conduct is applicable to the
- Members of the Board of Directors of the Company
- Senior Management, defined as members of Core Management Team excluding Board of
Directors and one level below the Executive Directors including Functional Heads
The above Senior Managerial Personnel are hereinafter referred to in this Code of
Conduct as "Senior Officers".
The Senior Officers shall confirm that they have received, read and understood the
Code of Conduct, and agree to comply with the Code in the format specified on an
annual basis.
The Senior Officers are expected to comply with all applicable laws, rules and regulations
and all applicable policies and procedures adopted by the Company.
The Senior Officers should adhere to and facilitate effective functioning of the
Company's mechanism for redressal of complaints of sexual harassment.
Senior Officers will ensure proper usage of authority as delegated to them as per
the Company's rules.
Every Senior Officer has to secure, preserve, safeguard and use discreetly, confidential information in the best interest of the Company. He should not divulge or communicate such information to third parties except when authorized for the business reasons. In this regard, Corporate Communication Department has identified spokespersons authorized to deal with the media.
Senior Officers are expected to devote their full attention with integrity and honesty to the business interests of the Company and are prohibited from engaging in any activity that interferes with their proper discharge of responsibilities of the Company, or is in conflict with or prejudicial to the interests of the Company.
Senior Officers should avoid conducting Company business in any significant way with a relative (as defined in the Companies Act), or with a business in which a close relative is associated.
The Senior Officers are responsible for effective control and appropriate use of all Company's resources entrusted to them in the official discharge of their duty.
The Senior Officers should abide by 'L&T Securities Dealing Code' in compliance
with the SEBI (Prohibition of Insider Trading) Regulations as adopted by the
Board of Directors of the Company.
Any amendment or waiver of any provision of this Code should be approved by the
Company's Board of Directors and disclosed on the Company's website.
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