Corporate governance philosophy is based on the principles of equal opportunity, fairness, transparency, upholding the law in its truest spirit and maintaining honest communications. The Company believes that sound corporate governance is necessary not just to retain stakeholders trust but is very critical for efficient working and proper conduct of the business of the company with integrity. Development of Corporate Governance guidelines is a continuous process, which evolves over a period of time and undergoes changes to suit the changing times and needs of the business, society and the nation.
The Board of Directors is at the core of corporate governance practice and oversees how the management serves and protects the long-term interests of all stakeholders. Our Board members with their vast experience and knowledge guide various governance committees to uphold the norms in accordance to the highest industry benchmarks. Be it management, commerce, finance, banking, technical, legal etc, the Board has formed various committees such as Audit Committee, Banking Committee, investment Committee, Allotment Committee, Project Monitoring Committee, CSR Advisory Council, Corporate Environment Team. These committees have been vested with the necessary powers to efficiently manage the affairs of the Company.
The code of conduct has been laid down by the Board with a view to promote good corporate governance and exemplary personal conduct. It is applicable to all directors and senior managerial personnel of the company. The Board of Directors has also approved a Code of internal procedures and conduct to avoid any misconduct.
As a part of its commitment to follow best practices and good corporate governance, Hindustan Power abides by the highest rules and guidelines of the Country. Conforming to these guidelines, and enthused by its own urge to be looked upon as a free, fair and trustworthy organisation, the Company keeps innovating ways to ensure that its businesses and social accomplishments are achieved with integrity.
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