"Creating an ethical culture means installing and maintaining a commitment to doing the right thing, this time and every time - so much so that it becomes entwined in the essential DNA of the firm." William H. Donaldson, Chairman, US Securities and Exchange Commission
The corporate governance framework encourages efficient use of resources and accountability. It helps corporations realize their corporate objectives, protect shareholder rights and meets legal requirements. Good corporate governance therefore contributes to sustainable economic development of the Companies by enhancing their performance and increasing their access to outside capital.
India too has understood the need and importance for Corporate Governance and more accountability of the management towards its stakeholders, viz. shareholders, customers and employees. The Clause 49 of Listing Agreement with Stock Exchanges provides for such practices under Corporate Governance.
We have been complying with the said provisions in letter as well as in spirit to ensure transparency in corporate affairs. We are committed to good Corporate Governance and our philosophy is aimed at conducting business ethically and efficiently in a transparent manner. Pursuant to the said Clause 49, our directors present a detailed Compliance Report on Corporate Governance together with the Certificate from the Statutory Auditors.
Read the corporate governance report here.
Download the KPIT Cummins Code of Conduct. Click here.
