Page 67 - CCL AR 2017 Final

Conflict of

Interest Policy

A Conflicts of Interest Policy has been developed by
Cherat Cement to provide a framework for all
directors of the Company (“Directors”) to disclose
actual, potential or perceived conflicts of interest.

The policy provides guidance on what constitutes a
conflict of interest and how it will be managed and
monitored by the Company.

The policy is applicable to Directors as the Company
strongly believes that a Director owes certain
fiduciary duties, including the duties of loyalty,
diligence and confidentially to the Company which
requires that the Directors act in good faith on behalf
of the Company and to exercise his or her powers for
stakeholders’ interests and not for their own or others
interest.

Management of Conflict of Interest
The Company stands fully committed to the
transparent disclosures, management and monitoring
of actual potential or perceived conflicts of interest.
All Directors under the policy are obligated and have
a duty to avoid actual, potential or perceived
conflicts of interest.

Any Director with personal interest, relationship or
responsibility which conflicts with the interest of the
Company or its shareholders shall excuse himself or
herself from any discussions on the matter that would
give rise to the conflict of interest and, if necessary,
from the Board meeting, or applicable part thereof.

65
Annual
Report 2017