and VII Click
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:
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 2016 is also placed at ANNEXURE-VII to this report.