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Integrity Agreement

CPCL adopts Integrity Pact
For the Integrity Pact

Chennai Petroleum Corporation Ltd has entered into a Memorandum of Understanding (MoU) with Transparency International India (TII) on 24 th March 2009 for implementing an Integrity Pact Programme focused on enhancing transparency in its business transactions, contracts and procurement processes.

The MoU was signed by Mr. K.K.Acharya , Managing Director, Chennai Petroleum Corporation Ltd, and Admiral (Retd.) R H Tahiliani, former Chief of Naval Staff and Chairman of TII. Two Independent External Monitors approved by the Central Vigilance Commission shall monitor the functioning of the system.

The Integrity Pact is a tool developed by Berlin based Transparency International for enhancing the degree of fairness and transparency in procurement and contracts, resulting in substantial improvement in system and reduction in corruption in public dealings.

 

 
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