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CORPORATE GOVERNANCE

The Company has always focused on good Corporate Governance, which is a key driver of sustainable corporate growth. Your Company continuously endeavours to improve on these aspects on ongoing basis. Pentokey Organy (India) Limited recognizes “values and commitments” policy. We are committed to an ethical treatment of all our employees, our customers, our shareholders, our lenders, our suppliers and the Government. Your Company has been constantly devising measures to improve upon to adopt effective Corporate Governance by creating an environment based on professionalism, entrepreneurship and pursuit for excellence. Corporate Governance policies and practices in accordance with the provisions of Clause 49 of the Listing Agreement are:

Presently, the Board of Directors of the Company comprises of six members, out of which three are Independent Non executive Directors. The Non executive Directors of the Company are experienced professionals in their respective fields.

Audit Committee:

The terms of reference specified by the Board to the Audit Committee are as contained in Clause 49 of the Listing Agreement and under Section 292A of the Companies Act, 1956 and it also undertakes such other matters as may be delegated by the Board from time to time. The primary function of the Audit Committee is:

1. To interact and appoint Auditors.

2. To review the financial Statement and policies of the Company.

3. Review of risk management policies and practices

4. Review of accounting and financial policies and practices.