SEL is committed to good governance practices that create long term sustainable shareholder value. The Company’s philosophy on Corporate Governance envisages the attainment of the highest levels of transparency, accountability and equity in all facets of its operations and in all its interactions with its shareholders, employees, the Government and the lenders.
As an important step towards Corporate Governance and a part of compliance under Clause 49 of the SEBI Guidelines for the listed companies, SEL has constituted its Board of Directors by inducting independent professionals of stature and nominees. In order to have an efficient and effective control over the operations of the Company in line with the Corporate Governance, the following committees have been formed :
It comprises of three Independent Directors , Radhe Shyam - Chairperson - Independent - Non Executive; Ashok kumar Doda - Independent - Non Executive; and Om Parkash Singhal - Independent - Non Executive.
The broad terms of reference of the Audit Committee are as follows :
The Risk Management Committee comprises of senior managers Mr. Raju Pillai , Mr. Prakash Taparia and Mr. Vimal Kaswa. The Committee meets at regular intervals to monitor price fluctuation of commodities and review Financial and Risk Management policies of the Company.
The Board has constituted a Remuneration/Compensation Committee comprising Mr. Radhe Shyam- Chairperson - Non-Executive, Mr. Om Parkash Singhal - Non-Executive, and Shipra Malhotra- Non-Executive.
The Committee has been constituted to recommend/review remuneration of the managerial personnel based on their performance and defined assessment criteria, and to bring about objectivity in determining the remuneration package while striking a balance between the interest of the Company and that of the shareholders. The Committee also monitors and administers the implementation of Employees’ Stock Option Schemes.
The Investors’ Grievance Committee comprises of Ashokkumar Doda - Chairperson - Independent - Non Executive, Shipra Malhotra - Non Executive and Radhe Shyam - Independent - Non Executive.
The broad term of reference of the Committee is to look into the redressing of shareholder and investor complaints like non-receipt of securities, transfer of shares, non-receipt of balance sheet, non-receipt of dividend, etc.
Sakuma Exports Ltd. ( SEL) adheres to the Code of Conduct for prohibition of Insider Trading as per norms of SEBI.