|
With increasing globalization, there has been a renewed thrust of Corporate Governance in India.
Corporate governance at Electrosteel has evolved not only to ensure compliance with the stringent regulatory requirements but also to benefit stakeholders -employees, shareholders and communities - by becoming more responsive to their needs.
The focus of the Board of Directors has consistently been to ensure that the procedures reflect transparency, integrity and efficiency, giving back to stakeholders the trust and operational professionalism that is their rightful due.
This report on corporate governance is as per Clause 49 of the listing agreement.
COMPANY'S PHILOSOPHY ON CODE OF GOVERNANCE
The company is committed to good corporate governance. The company provides detailed information on various issues concerning the company 's business and financial performance. The company respects the rights of its shareholders to information on the performance of the company and considers itself a trustee of its shareholders.
OUR CODE OF CONDUCT:
Code of Conduct for the Board of Directors and senior management of Electrosteel Castings Limited. -- More Details.
BOARD OF DIRECTORS
Composition and category:
At Electrosteel, its nine-member Board of Directors comprises:
- Three promoter, executive directors,
- Two non-promoter, executive directors,
- Four independent, non-executive directors.
- The Chairman of the Board is non-executive director.
In the following table, the composition of the Board of Directors has been given in addition to number of other Boards or Board Committees of which the Director is a member/chairperson.
| Name of the Director |
Category |
No. of Directorships (excluding) Private companies |
No. of memberships of other board committees |
No. of Board committees for which chairperson |
| Shri P.K.Khaitan |
Independent non-executive |
12 |
6 |
3 |
| Shri Umang Kejriwal |
Promoter, Executive |
10 |
Nil |
Nil |
| Shri Mayank Kejriwal |
Promoter, Executive |
9 |
Nil |
Nil |
| Shri Uddhav Kejriwal |
Promoter, Executive |
Nil |
Nil |
Nil |
| Shri S.Y.Rajagopalan |
Non-executive Executive |
3 |
Nil |
Nil |
| Shri N.C.Bahl |
Non-executive Executive |
1 |
Nil |
Nil |
| Shri Binod Khaitan |
Independent non-executive |
2 |
Nil |
Nil |
| Shri V.K.Lamba |
Independent non-executive |
2 |
Nil |
Nil |
| Shri Parag Dalmia |
Independent non-executive |
1 |
Nil |
Nil |
|
