CORPORATE GOVERNANCE
At Global Group, we hold the interest and trust of our shareholders as one of the
most important principles. To this effect we believe that by following best Corporate
Governance practices and dissemination of maximum information to stakeholders is
healthy to the Group Companies and the stakeholders.
All the Group Companies adhere to the highest standards of Corporate Governance
practices. Besides adhering to the Clause 49 of the listing agreement, the listed
entities are also voluntarily complying with the recommendations of several other
committees, like the CII, Cadbury and Blue Ribbon Committee.
The Group ensures that the Group Companies follow prudent Corporate Governance policies
for enhancing shareholders wealth. Some of the initiatives taken are:
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Composition of Board of Directors with an appropriate mix / balance of Executive
and Non Executive Directors
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Transparency and Accountability |
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Compliance with all applicable rules and regulations |
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Proper systems of risk management and internal control system |
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Timely flow of information to the Board, and its various committees for enabling
them to discharge their duties effectively |
The Group’s philosophy on code of governance are as follows:
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Ensure that the quantity, quality and frequency of financial and managerial information,
which the management shares with the Board, fully places the Board Members in control
of the company’s affairs
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Ensure that the Board exercises its fiduciary responsibilities towards shareowners
and creditors, thereby ensuring high accountability |
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Ensure that the extent to which the information is disclosed to present and potential
investors is maximized |
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Ensure that the decision making is transparent and documentary evidence is traceable
through the minutes of the meetings of the Board / Committee’s there of |
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Ensure that the Board, the management, the employees and all concerned are fully
committed to maximizing long term value to the shareowners and the company |
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Ensure that the core values of the company are protected |
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Ensure that the company positions itself from time to time to be at par with any
other world class company in operating practices |