At VARUN, the Corporate Governance is based on principles; some of them are as follows:
- Induction of prominent personalities, who are well experienced and have good credibility, as Independent Directors on the Company’s Board.
- Selection of Size and Composition of Board of Directors from varied expertise areas to ensure strict adherence to sound business principals and procedures.
- Independent checking and verification of all financial statements and reports.
- Effective Management Information System to assist Board in taking well informed and accurate decisions.
- Effective Internal Control Systems, in all functional areas, to ensure sound and strict adherence to the applicable rules and regulations.
- Ensuring transparent and fair business practices in all areas towards creation of wealth for all stakeholders including employees, customers, investors and the Government.
- Strict compliance of all applicable statutory laws, policies and standards.