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Corporate governance broadly refers to the rules, processes, policies or laws affecting the way a business is operated, regulated, administered and controlled. Corporate governance also includes the relationships among the many stakeholders involved and the goals for which the corporation is governed. The principal stakeholders are the shareholders, the board of directors, executives, employees, customers, creditors, suppliers, and the community at large.
At CTK Soft, we are committed to strive for excellence in good governance and responsible management practices, benchmarking with best of global companies. We believe that for a company to be successful it must maintain global standards of corporate conduct towards its stakeholders, customers, creditors, suppliers and the community. CTK Soft believes that it is rewarding to be better managed and governed and to identify its activities with national interest. To that end, we have always focused on good corporate governance which is the key driver of sustainable corporate growth and long term value creation. CTK Soft views corporate governance in its widest sense almost like a trusteeship, a philosophy to be progressed, a value to be imbibed and an ideology to be ingrained into the corporate culture. It involves leveraging its resources and aligning its activities to national need, shareholders benefit and employee growth, while minimizing the risks. The primary objective is to create and adhere to a corporate culture of fairness, conscience, transparency, fairness, accountability, sustainable value creation, ethical practices and to develop capabilities and identify opportunities that best serve the goal of value creation, thereby creating an outperforming organization.
CTK Soft’s corporate governance philosophy is based on the following principles:
• Promote ethical and responsible decision making
• Meticulously follow adequate code of conduct for employment practices, responsibilities to clients, individuals & community, legislation and monitoring compliance
• Maintain high degree of disclosure levels to ensure transparency in functioning
• Safeguard integrity in financial reporting through independent verifications
• Satisfy the letter and spirit of the law and ensure 100% compliance with all the applicable laws of the land
• Establish and manage a sound system of risk oversight & management and internal control
• Fairly review and actively encourage enhanced board and management effectiveness
• Communicate externally about the Company's internal functioning in a truthful manner
• Ensure that the level and composition of remuneration is sufficient and reasonable
We believe in operating at the highest level of integrating, Our strong commitment to responsible business practices reflects in the transparency of our communications and the unparalleled benefits we offer to our employees and our clients. Conducting business in an ethical and responsible manner is one of the main reasons why we have a satisfied list of clients.
Code of Business Conduct and Ethics:
The code of business conduct and ethics at CTK Soft has been formulated to helps ensure compliance with legal requirements and is based on its values and beliefs.
• Treat quality and customer satisfaction as top priority
• Act honestly, diligently and in good faith with integrity
• Treat co-employees with respect and build success on team work
• Take pride in work, be committed, enthusiastic, motivated and proactive
• Promote healthy practice, transparency in operations and accountability for actions and results
• Abide by all applicable laws and regulations in force in our place of business
• Maintain confidentiality of all material about the Company, its business and affairs
• Recognize the legitimate interest of customers, suppliers, investors and all those associated with the Company
• Do not use the status to seek or accept any personal gains or favors from those doing or seeking to do business with the Company or from employees of the Company
• Follow safety measures to prevent health and safety hazards of individuals and properties
• Do not engage in any business, relationship or activity, which might detrimentally conflict with the interest of the Company
• Do not misuse Company's properties for personal gains
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