UPDATE:
On March 3, 2016, Virtusa acquired a majority interest in Polaris Consulting & Services Limited (“Polaris”) to leverage the market presence and deep relationship that Polaris already built in the financial services space. During the integration period, we created a new market facing brand, VirtusaPolaris to represent the combined strengths of Virtusa and Polaris, including our strong software engineering heritage, deep domain expertise and focus on applying innovation to solving critical core business issues for clients. Having successfully completed the integration, we are now moving to the parent brand of Virtusa.POLICIES
| Preservation of documents and Archival Policy | Policy for Determination of Materiality | Policy for determining Material Subsidiaries | Insider trading |
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| Material Subsidiary Policy | Policy on Materiality of Related Party Transactions | Remuneration Policy | Code of Conduct |
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| Whistle blower policy | Corporate Social Responsibility Policy | Risk Management Policy | Policy on Succession Planning for Board and Senior Management |
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| Dividend Distribution Policy | |||
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LETTER OF APPOINTMENT OF INDEPENDENT DIRECTORS
| Letter of Appointment |
Profile | Code of Conduct and Ethics |
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| Mr. Jayaraman Ramachandran | Non Executive/Independent Director | |
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| Mr.Sunil Bowry | Non Executive/Independent Director | |
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| Mr. Arvind Sharma | Non Executive/Independent Director | |
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| Mr. Hari Raju Mahadevu | Non Executive/Independent Director | |
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CODE OF CONDUCT FOR DIRECTORS & SENIOR MANAGEMENT
The Company Code of Conduct ("the Code") has been adopted by Polaris Consulting & Services Limited ("Company") to comply with the applicable rules of the Stock Exchanges where the securities of the Company are listed. It is the policy of Polaris to conduct all its business in strictly ethical and legal manner and adhering to the standards of integrity, fair dealing and good Corporate Governance. This Code is intended to supplement, but does not replace, the company-wide Code of Conduct and the policies referenced therein.
The term “Senior Management” shall mean and refer to:- (a) All Members of the Management Committee of the Company; and (b) All members of the Partnership Council of the Company.
All Directors and the Senior Management shall affirm compliance with the following Code of Conduct adopted by the Board;
They would
- Use due care and diligence in performing their duties of office and in exercising their powers attached to that office;
- Act honestly and use their powers of office, in good faith and in the best interests of the Company as a whole
- Not make improper use of information nor take improper advantage of their position as a member of Senior Management;
- Not allow personal interests to conflict with the interests of the Company
- Recognise that their primary responsibility is to the Company’s shareholders as a whole but they should have regard for the interests of all stakeholders of the Company.
- Not engage in conduct likely to bring discredit upon the Company; and
- Be independent in judgement and actions, and to take all reasonable steps to be satisfied as to the soundness of all decisions taken by the Senior Management;
- Ensure the confidentiality of information they receive whilst being in office and is only disclosed if authorised by the company, or the person from whom the information is provided, or as required by law;
- Comply with applicable laws and identified laws, rules and regulations
- Not act in a manner which may be termed as unbecoming of the Directors and the Senior Management.