CORPORATE
GOVERNANCE
ANNEXURE-VI
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Corporate Governance is a process that aims to
meet shareholders aspirations and societal expectations. It is a
commitment that is backed by the fundamental belief of maximizing
shareholders value, transparency in functioning, values and mutual
trust amongst all the constituents of organisation. Corporate
Governance is a culture that guides the Board, management and employees
to function towards the best interest of shareholders. It involves
essentially a creative, generative and positive thinking activity that
adds value to the various stakeholders that are served as end customers
of the corporate entity.
ECL is committed to achieving highest level of
transparency, openness and accountability and fairness in all areas of
operation, meeting the aspirations of all its stakeholders with primary
objective of enhancing shareholders value, timely and balanced
disclosure of all material information to all the stakeholders and
protection of their interest. The Company has put in place a sound
system of internal control to mitigate the risks and comply with the
laws of land, rules & regulations in true letter and spirit with a
view to provide oversight and guidance to management in strategy
implementation.
In our Company, Corporate Governance philosophy
stems from our belief that corporate governance is a key element in
improving efficiency and growth as well as enhancing investor
confidence and accordingly the Corporate Governance philosophy has been
scripted as under:
“As a good corporate citizen, the Company is
committed to sound corporate practices, based on conscience, openness,
fairness, professionalism and accountability in building confidence of
its various stakeholders in it thereby paving the way for its long term
success.”
A report on Corporate Governance of your company
is placed at ANNEXURE-VI and a certification from Auditors regarding
compliance of conditions of Corporate Governance by your company for
the year ended 31st March 2018 is also placed at ANNEXURE-VII to this
report.
