Policy for Related Party Transaction
Bayer CropScience Limited has always been committed to good Corporate Governance practice. The Board of Directors has adopted this Policy with regards to Related Party Transactions (“RPT”) upon recommendation of the Audit Committee.
The Company recognizes that Related Party Transactions can present potential or actual conflicts of interest or the perception thereof. Therefore, the Board has adopted this Policy to set forth the procedures under which transactions with Related Parties shall be reviewed for approval or ratification in accordance with the set procedures as set forth in the Policy .Further, the RPT Policy has been updated with effect from February 2, 2018 considering the amendments that have occurred in the relevant sections of the Companies Act, 2013 as well as SEBI Regulations over the last three years.