Corporate governance is a term that refers to the rules, processes, or laws by which businesses are regulated and controlled. A well defined corporate governance provides a structure that works for the benefit of everyone concerned by ensuring that the enterprise adheres to accepted ethical standards and best practices as well as to formal laws.
In recent years, corporate governance has received increased attention because of high profile scandals involving abuse of corporate power and, in some cases, alleged criminal activity by corporate officers.
Company's philosophy of Corporate governance has evolved from its continued faith in fundamentals of fairness, accountability disclosures and transparency. The company believes that corporate governance is a pre-requisite for attaining sustainable growth in this competitive corporate world. All the procedures, policies and practices followed by company are based on sound governance principles.
