securities of Escalade while in possession of material confidential information relating to Escalade or from otherwise improperly using material confidential information in connection with trading in securities. Material confidential information is any non- public information that would be significant in making an investment decision. Escalade’s policy prohibits covered persons from engaging in any action to take advantage of, or pass on to others, material confidential information. Escalade’s prohibition applies to material confidential information obtained in the course of your employment and also relates to customers, vendors and third parties with whom Escalade conducts business and/or may be considering a transaction. Covered persons may not buy or sell Escalade securities while in possession of material confidential information about Escalade. Covered persons are also responsible for the actions of any person who has received the material confidential information as a “tip”, whether intentionally or inadvertently. 34
Escalade requires that directors, officers and employees pre-clear all trades in Escalade securities with our Chief Financial Officer. We also have adopted certain time periods in which no trades in Escalade securities will be permitted. In addition to Escalade’s insider trading policy, the securities laws of the United States also prohibit the company’s directors and executive officers from engaging in any of the following activities with respect to Escalade securities: “short-swing” trading (i.e. purchase and sale within any six month period); short sales (defined as selling non-owned shares at today’s prices in anticipation that the stock can be purchased at a lower value in the near future); and Buying or selling puts or calls. 35
PROFILE OF IDBI THE GROWTH PATH The genesis of "Industrial Development Bank of India Limited" (IDBI Ltd) can be traced to the establishment of The Industrial Development Bank of India (IDBI), its predecessor entity, in 1964, by an Act of Parliament to provide credit and other facilities for the development of Indian industry. The erstwhile IDBI has played a pioneering role in fulfilling its mission of promoting industrial growth through financing of medium and long-term projects, in consonance with national plans and priorities. IDBI has been instrumental not only in establishing a well-developed, diversified and efficient industrial and institutional structure but also has added a qualitative dimension to the process of industrial development in the country. Over the years, IDBI has enlarged its basket of products and services to industrial concerns, covering almost the entire spectrum of industrial activities, including manufacturing and services. IDBI and its successor entity IDBI Ltd provides financial assistance, both in rupee and foreign currencies, for greenfield projects as also for expansion, modernisation and diversification purposes.
You've reached the end of your free preview.
Want to read all 82 pages?
- Fall '16
- Corporate Finance, investment bank, Escalade