The core of Corporate Governance at NECO Group is based upon, inter-alias, the objective of maximizing the wealth of all stakeholders of the company by making maximum utilization of resources at its disposal and fulfilling its obligations towards Corporate Social Responsibility and contributing to Nation Building to the best of its might. We aim to do this by striving for leadership and global competitiveness in the business sectors in which we operate.
Our Top Management advocates the principles of transparency to be followed by the employees of the in all their decisions and actions, apart from furnishing full disclosures to the Board, its Shareholders and other Stakeholders. The Top Management is committed to adhere to the Corporate Governance Code in words and in spirit.
Familiarisation Program for Independent Directors
At the time of appointing an Independent Director, a formal letter of appointment is given to him, inter alia explaining the role, function, duties and responsibilities expected of him as a Director of the Company. The Independent Director is also explained in detail the Compliance required from him under the Companies Act, 2013, Clause 49 of the Listing Agreement and other relevant regulations and affirmation taken with respect to the same. Further the Company has put in place a system to familiarize the Independent Directors about the Company, its products, business and the on-going events relating to the Company through presentation.
VARIOUS POLICIES AND PROGRAMS UNDER CORPORATE GOVERNANCE ARE AS UNDER:
o Code of Conduct for Director and Senior Management Personnel.
o Policy on Related Party Transactions
o Policy on Material Subsidiaries
o Code for fair Disclosure UPSI
o Whistle Blower Policy
o CSR Policy
o Composition of various Committees of Board of Directors