Strong Corporate Governance
Corporate governance is at the core of our business. We aim to strengthen our governance structure to ensure that our business practices are ethical and reflect the best interests of all our stakeholders. We have intertwined a culture of integrity, transparency and ethics in our organization to generate stakeholder value that lasts. While we are committed to conducting business with the highest standards of corporate governance, the resolute commitment of our employees, leadership team and business partners enable us to build a responsible entity.
While we aspire to promote responsible practices throughout our value chain, our constant focus remains on strengthening our corporate governance, since it is the backbone of our persistent success. We have experienced governing bodies with robust processes and policies to implement strict adherence to the compliance framework. Furthermore, we endeavor to promote diversity and inclusion within our governance structure as well. To this end, our governing bodies have qualified and highly experienced members across different age groups.
Accountability, fairness and transparency with all our stakeholders are the guiding principles of governance framework of Mindspace Group aimed at creating sustainable and long-term value for all stakeholders. The Executive Committee, which primarily comprises of Board members and management team members, oversee the implementation of strategies, conducts periodic reviews vis-à-vis set objectives, and suggests course correction in case of deviations. The Govering body periodically reviews the ESG strategies and implementation.
We believe a firm governance structure plays a pivotal role in managing our business, drive performance and create value responsibly. The various processes, policies and trainings set the foundation for delivering on our ESG priorities and assessing the way forward for the business.
Our Board diversity, training on governance practices and governance-related focus areas are listed and detailed here:
Comprises experts from finance, tax, accounting, investments and business backgrounds
Marked by age and diversity
Board's Involvement in Strategy and Policy Formulation
Ensuring Independence of the Board
Adoption of Fair Accounting and Business Practices
Technology and R&D focus
As automation moves to higher levels, many systems and sub-systems in the vehicle will get 'smarter' and need computing intelligence, in-situ memory, and closely integrated sensing and actuation functions.
Kiran Manohar Deshmukh