Good governance practices stem from the culture and mindset of an organization. As stakeholders across the globe evince keen interest in the practices and performance of companies, Corporate Governance has engaged on the centre stage. Corporate Governance is based on the principles of integrity, fairness, equity, transparency, accountability and commitment to values.
HCL Technologies continues to focus on good Corporate Governance, in line with local and global standards. Its primary objective is to create and adhere to a corporate culture of conscience and consciousness, integrity, transparency and accountability for efficient and ethical conduct of business for meeting its obligations towards shareholders and other stakeholders.
Corporate Governance is an integral part of the philosophy of HCL Technologies in its pursuit of excellence, growth and value creation. In addition to complying with the statutory requirements, effective governance systems and practices towards improving transparency, disclosures, internal controls and promotion of ethics at work place have been institutionalized. HCL Technologies recognizes that good governance is a continuing exercise and reiterates its commitment to pursue highest standards of Corporate Governance in the overall interest of all its stakeholders.
HCL Technologies Corporate Governance – A Snapshot
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Certified by Big-4 Global Auditing Firm |
Corporate Governance Structure |
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Financials - US GAAP
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Financials - Indian GAAP
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Corporate Governance under Clause 49 of Listing Agreement with Indian Stock Exchanges. Corporate Governance Report includes the following sections:
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Board Committees
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Board Composition
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Board Functioning and Procedures
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Management Review & Responsibility
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Shareholders Information
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Certifications
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5 of the 7 directors are non-executive.
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The Board has seven committees viz.
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Audit Committee
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Compensation Committee
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Shareholders’ Committee
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Employees Stock options Committee
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Finance Committee
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Nomination Committee
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Risk Management Committee
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All members of Audit Committee are Independent Directors.
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Internal Audit Function is independent and reports to Audit Committee.
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External Audit is done by Big-4 Global Auditing firm
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Inspite of being an Indian listed Company, voluntary Audit under US GAAP for better understanding of financials by global stakeholders.
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Downloads:
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Annual Corporate Governance Report |
Quarterly Corporate Governance Report |
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