Maruti Suzuki Financial Analysis
Corporate Governance
Maruti Suzuki India Limited (the Company) is fully committed to practising sound corporate governance and upholding the highest business standards in conducting business. Being a value-driven organisation, the Company has always worked towards building trust with shareholders, employees, customers, suppliers and other stakeholders based on the principles of good corporate governance, viz., integrity, equity, transparency, fairness, disclosure, accountability and commitment to values.
The Company fosters a culture in which high standards of ethical behaviour, individual accountability and transparent disclosure are ingrained in all its business dealings and shared by its board of directors, management and employees. The Company has established systems and procedures to ensure that its board of directors is well-informed and well-equipped to fulfil its overall responsibilities and to provide the management with the strategic direction needed to create long-term shareholder value.
In India, 'Corporate Governance ' standards for listed companies are stipulated by Securities and Exchange Board of India (SEBI) through a special provision- Clause 49 of the Listing Agreement.
As a conscious and vigilant organization, Maruti Suzuki had initiated good 'Corporate Governance ' practices even before Clause 49 became applicable and these practices form an integral part of the company’s governance culture.
The Company strives to foster a corporate culture in which high standards of ethical behaviour, individual accountability and transparent disclosure are ingrained in all its business dealings and shared by its Board of Directors, Management and Employees.
The Company has established systems & procedures to ensure that its Board of Directors is well-informed and well-equipped to fulfil its overall responsibilities and to provide the management strategic direction it needs to create long-term shareholder value.
On its Board, the
Maruti Suzuki India Limited (the Company) is fully committed to practising sound corporate governance and upholding the highest business standards in conducting business. Being a value-driven organisation, the Company has always worked towards building trust with shareholders, employees, customers, suppliers and other stakeholders based on the principles of good corporate governance, viz., integrity, equity, transparency, fairness, disclosure, accountability and commitment to values.
The Company fosters a culture in which high standards of ethical behaviour, individual accountability and transparent disclosure are ingrained in all its business dealings and shared by its board of directors, management and employees. The Company has established systems and procedures to ensure that its board of directors is well-informed and well-equipped to fulfil its overall responsibilities and to provide the management with the strategic direction needed to create long-term shareholder value.
In India, 'Corporate Governance ' standards for listed companies are stipulated by Securities and Exchange Board of India (SEBI) through a special provision- Clause 49 of the Listing Agreement.
As a conscious and vigilant organization, Maruti Suzuki had initiated good 'Corporate Governance ' practices even before Clause 49 became applicable and these practices form an integral part of the company’s governance culture.
The Company strives to foster a corporate culture in which high standards of ethical behaviour, individual accountability and transparent disclosure are ingrained in all its business dealings and shared by its Board of Directors, Management and Employees.
The Company has established systems & procedures to ensure that its Board of Directors is well-informed and well-equipped to fulfil its overall responsibilities and to provide the management strategic direction it needs to create long-term shareholder value.
On its Board, the