Shareholder Information
Corporate Governance
We Don’t Trade With Transparency and Accountability
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The timely and accurate disclosure of information regarding the financial situation, performance, board constitution, ownership of the company etc is an important part of Corporate Governance. Corporate Governance arrangements are those through which an organization directs and controls itself and the people associated with it. The Policy is normally reviewed at least once a year and modified, when deemed necessary, to ensure proper alignment with best practices in Corporate Governance. |
Upholding Trust
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Our corporate philosophy is led by ethical, fair and transparent governance practices. Our corporate governance practices are consistent with international best practices and standards. The Board, together with its committees, upholds all fiduciary responsibilities by ensuring fairness, independence and transparency in all its decisions through the governance framework. |
Company’s Philosophy on Corporate Governance
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Corporate Governance is a process that aims to meet Stakeholder’s aspirations and societal expectations. It is not a discipline imposed by a Regulator, but is a culture that guides the Board, Management and Employees to function towards best interest of Stakeholders. At Prompt Corporate Services Limited Corporate Governance philosophy stems from the belief that Corporate Governance is a key element in improving efficiency and growth as well as enhancing investor confidence. 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 its vision, values & principles in building confidence of its various stakeholders, thereby paving the way for its long term success and sustenance.” At the core of its Corporate Governance practice is the Board, which oversees how the management serves and protects the long-term interests of all the stakeholders of the Company. The Company believes that an active, well- informed and independent Board is necessary to ensure the highest standards of corporate governance. The Company’s Corporate Governance practices are aimed at meeting the Corporate Governance requirements as per the Act, besides good practices either recommended by professional bodies or practiced by leading companies in India. |
Our Values
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Values that define how we work:
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Board of Directors
| Overview | The Board is responsible to act in the best interests of the Company and its shareholders. In discharging their duties the Directors shall comply with the Code of Conduct as adopted by the Board. The Directors are expected to attend and actively participate in Board Meetings and Meetings of Committees on which they serve and to spend the time needed and meet as frequently as necessary to properly discharge their responsibilities. The Board is responsible for overall compliance with the Corporate Governance policy of the Company. It oversees and directs the management of the Company’s business and affairs. In doing so, it must act honestly, in good faith and in the best interests of the Company. The Company’s Board shall have an optimum combination of Executive, Non-Executive and Independent Directors. |
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| Board Responsibilities |
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Independent Director
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"Independent Director" means a Non-executive Director, other than a Nominee Director of the listed entity:
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Compensation/ Sitting fees
| Executive Directors | Executive Directors shall be paid remuneration within the limits as approved by the Board, the shareholders of the Company. As a company policy, no sitting fees are payable to Executive Directors. |
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| Non-Executive/ Independent Directors |
Non-Executive Directors/ Independent Directors are paid sitting fees... All the details relating to the compensation so paid shall also be disclosed in the Annual Report of the Company. An Independent Director shall not be entitled to stock options... |
Board Meetings
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Board Meetings of the Company shall be held at least four times a year, once every quarter and not more than one hundred and twenty days shall elapse between two successive meetings. The Quorum shall be as per the Articles of Association. Meetings may be held at the registered office or through video conferencing. Minutes shall be circulated as soon as possible and confirmed in the next meeting. |
Duties and Responsibilities
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Board Evaluation
| The Companies Act, 2013 has prescribed provisions regarding evaluation... Independent Directors must hold at least one separate meeting annually. |
Code of Conduct
| Employee Responsibilities |
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| Additional Responsibilities of Managers |
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| Additional Responsibilities of Directors | Directors shall also be responsible to perform the duties specified as per the Companies Act, 2013 and other relevant laws. |
| MOA & AOA | |
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| All Policies |
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