Code of conduct under clause 49 of listing agreement on corporate governance
skg
(Querist) 18 July 2011
This query is : Resolved
A public listed company follows non mandatatory requirement of Whistle blower policy written in its Code of conduct under clause 49 of listing agreement on corporate governance.
An employee of this company lodge a complaint against a Senior Management official who was responsible for stopping his increment despite a very good appraisal from his boss under this whistle blower policy.
Instead of getting a suitable reply from upper management the employee got terminated on grounds of surplusage despite the fact that in the whistle blower policy it is clearly written that no adverse action like termination will be taken against such employee who seek justice for raising complaint against managers/Sr. management personnel for their unethical behaviours.
My question to experts is that whether this employee can lodge complaints against this listed company in ministry of company affairs for not following corporate governance rules under clause 49 of listing agreement on corporate governance and what is the procedure he has to follow to launch this complaint in MCA.
rgds
skg
