Vigil Mechanism Policy
HMSI is committed to the highest possible standards of ethical, moral and legal business conduct. In line with HMSI’s commitment to open communication and transparency, the Business Ethics Proposal Line (BEPL) has been established with the aim to provide an avenue for directors and associates to raise concerns.
The Companies Act, 2013, vide section 177, has also made it mandatory for certain class of companies to establish a “Vigil Mechanism” in order to provide an avenue to the Directors and employees to report genuine concerns. Accordingly, HMSI has aligned its existing BEPL in accordance with the requirement of the Companies Act 2013 and re-named it as “Business Ethics Proposal Line – Vigil Mechanism Policy”
The Policy aims at giving reassurance that complainant (Whistle Blower) will be protected from reprisals or victimization. Anyone can report workplace malpractice without any fear of reprisal or action.