COMPANY’S PHILOSOPHY ON CORPORATE GOVERNANCE
Corporate Governance is based on the principles of integrity, fairness, equity, transparency, accountability and commitment to values. Corporate Governance is an integral part of management and policy formulation and execution. It is a tool which not only contributes towards achieving good governance in the internal workings of the company but also assists in associating the company’s welfare with its stakeholders and helps in creating and enhancing the financial as well as ethical and social values of the company.
VIKALP SECURITIES LIMITED endeavors to adhere to the highest levels of transparency, accountability and ethics in all its operations fully realizing at the same time social responsibilities. In compliance of the Corporate Governance norms, the Company has an optimum combination of executive and non-executive Directors in its Board with majority of Independent Directors. While engaging the independent directors in the Board, the Company has followed all the criteria regarding their independence and appointment as stipulated in the Corporate Governance clause of the Listing Agreement.
The Board of Directors of the Company, being very vigilant regarding the business of the Company and compliances of all laws applicable on the Company, meet formally at various points of time to discuss the workings and the compliance status of the Company and to formulate future plans.
The Company being a listed company having the interest of large number of stakeholders associated with it, has formed various committees to independently look after the various compliances and to maintain full transparency and accountability in each and every area of concern.
The Management has always believed in maintaining the relationship of trust with the stakeholders of the Company and has always worked in the same direction to enhance its corporate as well as ethical and social value and believes to maintain it in future as well.