Company’s Philosophy on Corporate Governance
Corporate Governance is the application of best management practises, continued compliance with the law, and adherence to the highest ethical standards to achieve the objectives of the company, enhancing stakeholder value and its own image. A good Corporate Governance framework incorporates a system of robust checks and balances between key players, namely the Board, management, auditors, and Stakeholders.
SEIL remains resolute in its commitment to conduct business in accordance with the highest ethical standards and sound Corporate Governance practises. The company strongly believes that a sound, robust, and unambiguous system of Corporate Governance practises goes a long way towards retaining investor trust and preserving the interests of all existing as well as prospective stakeholders. Further, SEIL’s corporate structure, business, operations, and disclosure practises are aligned with global practices.
SEIL is committed to conducting its business fairly and ethically in compliance with the applicable laws, rules, and regulations and with the highest standards of business ethics. The objective of the company is not only to meet the statutory requirements of the code of corporate governance but also to develop such systems and follow such practises and procedures as would make the management completely transparent and accountable in its interaction with employees, shareholders, lending institutions, and customers, thereby enhancing the stakeholders' value and protecting their interests.
SEIL Energy India Limited (Formerly Sembcorp Energy India Limited) is in compliance with the corporate governance norms prescribed under the SEBI Listing Regulations and the Companies Act 2013 in relation to the composition of our Board and the constitution of committees thereof.
Our corporate structure, business, operations, and disclosure practises are aligned with global practises. SEIL is committed to conducting business fairly, ethically, and in accordance with the applicable laws of the land. Our management processes, including our commitment to the environment and sustainability, aim to reflect robust global governance practices.
SEIL has seven Directors on its Board, comprising one Chairman, one whole-time Director, two directors, and three independent Directors. The board is collectively responsible for providing overall strategic direction and ensuring the long-term success of SEIL’s business.
The board and management of SEIL recognise that well-defined corporate governance processes are essential to enhancing corporate accountability and long-term sustainability. SEIL is committed to high standards of governance to preserve and maximise shareholder value.