Page 17 - ABFRL SUSTAINABILITY REPORT 2016-17

ABFRL
EXECUTIVE MESSAGES REPORTING SCOPE & BOUNDARY CORPORATE GOVERNANCE SUSTAINABILITY
COMPANY PROFILE SUSTAINABILITY & US REPORT /

Governance
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Sound corporate governance helps maximise value for stakholders with the commitment of ensuring highest
standards of governance. We at Aditya Birla Fashion and Retail Ltd., believe that a framework based on these core
values, not only enhances shareholder value, but also develops trust amongst stakeholders and ensures the
sustainability of the business.
Stemming from these values, the corporate governance framework at ABFRL branches out into a set of policies and
processes that allows the organisation to grow in a fair and transparent manner. Also, as part of the Aditya Birla
Group - one of the initiators of corporate governance - we are committed to adopt and adhere to the best
governance practices at all times.

CORPORATE GOVERNANCE: PHILOSOPHY AND PRINCIPLES

TRANSPARENCY DISCLOSURES ETHICS IMPROVEMENT CONTROL SYSTEM
in all decision- Maintaining High Regular review of to enable the Board
making processes high levels standards processes and to efficiently conduct
relating to the management business and discharge
company systems its responsibilities
to stakeholders

ORGANISATION The composition of the Board of Directors
(as on March 31, 2017)
STRUCTURE
MR. PRANAB BARUA
Managing Director
Good governance is the cornerstone of all sustainable
organisations and the experience and expertise of the MR. SUSHIL AGARWAL
leadership plays a key role in its propagation. At ABFRL, Non-Executive Director
we believe that an active, well-informed and MR. BHARAT PATEL
independent Board is necessary to ensure the highest Independent Director
standards of corporate governance.
MS. SUKANYA KRIPALU
The Board of Directors of the Company is at the core of
Independent Director
our corporate governance system and it supervises
how the management serves and protects the long- MR. ARUN THIAGARAJAN
term interests of all our stakeholders. Operating within Independent Director
the framework of a well-de ned responsibility matrix,
MR. SANJEEB CHAUDHURI
the board is entrusted with the crucial responsibility of
Additional Independent Director
management, general a airs, direction and
performance of the Company and has been vested MS. GEETIKA ANAND
with requisite powers, authorities and duties. Company Secretary & Compliance O cer
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