Our Philosophy & Policy Statement
"Satyameva Jayate"(Sanskrit : सत्यमेवजयते satyam-evajayate :"Truth alone triumphs." is a part of a mantra from the ancient Indian scripture Mundaka Upanishad .
C MARC is guided by the philosophy of commitment to the profession and nation. The creator, the promoters and all of us in our organization believe and practise “Satyameva Jayate”. We are committed to operate ethically, fairly and with integrity in all our dealings and relationships, whatever we do. Our associates are encouraged to respect and practise ethics. If any associate suspects or becomes aware of any potential bribery involving the organization, it is the responsibility of that associate to report to the corporate administration.
The Board of Directors of our organization believes bribery and corruption is a serious offence. By adopting such unethical steps one may get temporary relief, but in the long run it is detrimental. As a civilized citizen of the society we all must be careful about our responsibilities towards our society and our world. In order to keep our mind full of courage and to keep our head high, we must ensure to keep ourselves on the path of virtue, courage and wisdom. Any violation of this Policy may result in disciplinary action.
What is Bribery (Definition)
Bribery is defined by Black's Law Dictionary as the offering, giving, receiving, or soliciting of any item of value to influence the actions of an official, or other person, in charge of a public or legal duty.
A bribe means:
the offering, promising, giving, soliciting, requesting or receiving of a financial or non-financial advantage or anything of value to influence the actions of an official, or other person, in charge of a public or legal duty to secure the improper performance of/misuse of a person’s position.
Who must comply !
We believe, any civilized citizen of the society must adhere to and practise this policy as a way of life. This also applies to all individuals working in our organization or in any of its subsidiaries and affiliates anywhere in the world (collectively referred to as ‘the organization’) and at all levels and grades.
This includes senior managers, officers, directors, employees (whether regular, fixed-term or temporary), consultants, contractors, trainees, secondary staff, home-workers, casual workers and agency staff, volunteers, interns, agents, sponsors, or any other person associated with us, or any of our subsidiaries or their employees, wherever located (collectively referred to as "associates” in this policy).
In this policy, third party means any individual or organization that an associate may come into contact with during the course of his/her engagement with the organization, and includes actual and potential clients, customers, suppliers, distributors, business contacts, agents, advisers, business associates (including rainmakers etc.) and government and public bodies including their advisors, representatives and officials, politicians and political parties.
What is not acceptable
Prohibitive gifts: Some types of gifts are never acceptable including gifts that are illegal or unethical, or involve cash or cash equivalent (e.g. loans, stock options, etc.). Furthermore, by way of non-exhaustive example, an invitation to an individual or his/her family to join on a foreign business trip, or the extension of a trip at the beneficiary’s expense to include a holiday, are at all times unacceptable, and associates should not participate in such practices.
Personal payments : Associates may never pay on their personal account for gifts or hospitality in order to avoid this policy.
Gifts and Hospitality
This policy does not prohibit normal business hospitality, so long as it is reasonable, appropriate, modest, and bona fide corporate hospitality, and if its purpose is to improve our organization image, present our products and services, or establish cordial relations. The act of exchanging business gifts and receiving corporate hospitality can play an appropriate role in building or maintaining business relationships. However, gifts and hospitality are problematic if they create actual or perceived conflicts of interest, or otherwise appear to influence a business decision.
Accepting gifts, discounts, favours, or services from a current or potential customer, competitor, supplier, or service provider is prohibited if that benefit is a type or amount which has the potential to influence a person’s business decision. Functions like procurement and sales or healthcare personnel must take extra care. More strict requirements might apply and these groups might not be allowed to take or give any gifts or hospitality under certain circumstances or policies and procedures applicable to that group. If you have any questions, please consult the Corporate Administration.
Gifts are only permitted if they are:
in good taste;
not cash or a cash equivalent; and
not given with an intent to influence a business decision.
It should be a token of gesture. Occasionally, for the purpose of building relationships, one may accept or offer social entertainment or hospitality, such as modest meals or event tickets. However, one must not accept or offer entertainment or hospitality unless the activity:
permits business or educational discussions at the meal or event (a representative of the organization must be in attendance at the meal or event);
is part of a genuine business relationship;
is not intended and could not be perceived by others to improperly influence business decisions;
is consistent with industry practices, all applicable laws and our organization policies and procedures;
is not excessive in value or quantity, as defined by local procedural documents;
would not embarrass our organization if it was brought to public attention.
Where local law, regulations or standards, or local or divisional internal policies apply and require more stringent processes/controls, then such more stringent processes/controls must be followed.
Promotional gifts are permitted. It is acceptable to offer modest promotional materials to contacts, e.g. branded pens, diaries, calendars. Use of one’s position with the organization to solicit a gift of any kind is not acceptable. However, the organization allows associates occasionally to receive unsolicited gifts of a very low intrinsic value from business contacts provided the gift is given unconditionally and not in a manner that could influence any decision-making process.
Facilitation Payments and Kickbacks
Facilitation payments are typically small unofficial payments made to public officials to ensure or speed up performance of routine or necessary action which is part of the public official’s usual responsibilities. These are bribes, regardless of whether they may be a part of the “way of doing business” in a particular country.
The organization prohibits making or accepting, facilitation payments or "kickbacks" of any kind. Kickbacks are typically payments made in return for a business favour or advantage. All associates must avoid any activity that might lead to a facilitation payment or kickback being made or accepted.
Any request for a facilitation payment/kickback should be refused.
Charitable Contributions (Donations)
Charitable contributions may only be given to recognized non-profit charitable organizations. All donations must be:
transparent and properly recorded in the books and records; and
receipted or have a letter of acknowledgement from the charity to ensure that the donations receive the proper tax treatment.
be compliant with local law, regulations or local or Business Unit internal policies.
Donations must not:
be made to individuals or in cash; or
be made at the request of a public official as an inducement to or reward for acting improperly.
Could be held responsible for the actions of a third party (e.g. distributor, agent, contractor, supplier, joint venture partner) acting on its behalf. As such, care must be taken to ensure that those third parties do not engage or attempt to engage in bribery. All group companies shall ensure that any new third parties (or third parties whose contracts are being renewed) who provide services on behalf of us contractually agree to abide by the principles set out in our Code of Conduct and this Policy.
Responsibilities of Associates
Associates must ensure that they have read and understood this policy and must at all times comply with the terms and conditions of this policy. Associates must notify their reporting manager or consult an appropriate member of the organization as soon as possible if they believe or suspect, or have a reason to believe or suspect, that a breach of this policy has occurred, or may occur in the future - for example, if a customer or potential customer offers an associate something to gain a business advantage with the organization or indicates to an associate that a gift or payment is required to secure their business.
Any associate who breaches any of the terms of this policy will face disciplinary action, which could result in dismissal for gross misconduct. The organization reserves its right to terminate a contractual relationship with other associates and other associated persons, as the case may be, if they breach any of the terms and conditions of this policy.
Aum ASHTO MAA SAD GAMAYA
TAMOSO MAA JYOTIR GAMAYA
MRITYOR MAA AMRITAM GAMAYA
Aum SHANTI SHANTISHANTI
O God, lead us from untruth to truth.
(Lead us from fraud and deception to a life based on truthfulness)
O God, lead us from darkness to light.
(Help us to get rid of the darkness, the bad qualities within us)
O God, lead us from death to immortality
(Guide and assist us to achieve eternity)
Let there be peace, peace and peacefulness.
(Peace in three states of life ─ physical, mental, spiritual)
We seek God’s Grace: To keep us on the path of virtue, courage and wisdom. To bless us with the ability to fulfil our responsibilities towards our society and our world.