Corporate Governance Policy
Askon Health Care
1. Corporate Governance Philosophy
At Askon Health Care, we are committed to the highest standards of ethics, transparency, accountability, and integrity. Our governance framework ensures responsible leadership, regulatory compliance, and sustainable value creation for all stakeholders. We believe that strong governance is fundamental to safeguarding trust and strengthening our long-term global presence.
2. Board of Directors
The Board of Directors provides strategic leadership and ensures that business decisions align with Askon Health Care’s mission, values, and long-term interests.
Board Responsibilities
- Establishing the company’s vision, mission, and strategic direction.
- Ensuring adherence to ethical, legal, and regulatory requirements.
- Overseeing financial reporting, internal controls, and audit processes.
- Monitoring risk management practices across all divisions.
- Promoting a culture of integrity and accountability.
3. Regulatory & Compliance Framework
Askon Health Care adheres to WHO-GMP guidelines, national Healthcare regulations, and international quality standards. Our compliance practices include: – Robust Standard Operating Procedures (SOPs) across all operations. – Periodic internal and external audits. – Strict adherence to environmental, occupational health, and safety norms. – Full compliance with national and global regulatory authorities for exports.
4. Risk Management
A structured and proactive risk management system safeguards business continuity.
Key Components
- Identification and assessment of operational, financial, and regulatory risks.
- Implementation of preventive and corrective controls.
- Readiness through crisis management and business continuity plans.
- Regular monitoring of global market conditions and compliance requirements.
5. Ethical Business Conduct
Askon Health Care follows a zero-tolerance policy toward unethical practices.
Ethical Commitments
- Anti-corruption and anti-bribery standards.
- Transparent procurement and vendor selection.
- Confidential whistle-blower mechanism.
- Strict prohibition of fraudulent, misleading, or unfair practices.
6. Stakeholder Engagement
We maintain strong, transparent, and responsible relationships with all stakeholders.
Engagement Priorities
- Regular communication with customers, distributors, regulators, and employees.
- Incorporating stakeholder feedback into strategic decisions.
- Commitment to fair business practices and customer confidence.
- Strict prohibition of fraudulent, misleading, or unfair practices.
7. Sustainability & CSR (Corporate Social Responsibility)
Askon Health Care is dedicated to the well-being of society and the environment.
CSR Focus Areas
- Community healthcare and wellness initiatives.
- Support for education and awareness programs.
- Environmentally responsible manufacturing.
- Waste reduction, sustainable sourcing, and energy-efficient practices.
8. Internal Controls & Audit Systems
We maintain strong internal control systems to uphold transparency and operational integrity.
Internal Control Measures
- Accurate and timely financial reporting.
- Regular review of internal policies and procedures.
- Robust IT governance and data security systems.
- Independent internal and statutory audits.
9. Code of Conduct for Employees
All employees of Askon Health Care must adhere to a strict code of conduct.
Employee Commitments
- Maintain professionalism, confidentiality, and integrity.
- Comply with all safety, regulatory, and operational guidelines.
- Avoid conflicts of interest.
- Treat colleagues, partners, and stakeholders with respect.
10. Transparency & Accountability
Transparency is central to our corporate governance framework.
Our Pledge
- Clear and accurate public disclosures.
- Open communication with regulatory bodies and stakeholders.
- Accountability at all levels of management.
11. Review & Amendments
This Corporate Governance Policy will be reviewed periodically to ensure alignment with legal changes, industry best practices, and organizational priorities. Amendments will be approved by the Board of Directors.
12. Adoption of Policy
This Corporate Governance Policy is formally adopted by Askon Health Care and is applicable to all employees, departments, operations, and subsidiaries.
Approved by: Board of Directors, Askon Health Care