JSPL’s corporate governance philosophy is based on the principles of equity, fairness, transparency, spirit of law and honest communication. The Company believes that sound corporate governance is necessary to retain stakeholders’ trust and ensures efficient working and proper conduct of the business of the company with integrity. Development of Corporate Governance guidelines is a continuous process, which evolves over a period of time and undergoes changes to suit the changing times and needs of the business, society and the nation.
Board of Directors
The Board of Directors is at the core of corporate governance practice and oversees how the Management serves and protects the long-term interests of all stakeholders. The Board members are experienced, knowledgeable and professionally competent and represent various fields of business activities, such as management, commerce, finance, banking, technical, legal etc.
The Board of Directors has formed various committees such as Audit Committee, Shareholders’/ investors’ Grievance Committee, Sub Committee of Directors, Compensation Committee and Committee of Directors (Limited Review) and necessary powers have been delegated to these committees for efficiently managing the affairs of the Company.
Information like financial results (quarterly, half-yearly or annual) and press releases on significant developments in the Company that has been available from time to time, to the press is hosted on the Company’s website and also submitted to the stock exchanges to enable them to put them on their websites and communicate to their members. The financial results are published in various English and vernacular newspapers. Details of management discussion and analysis are printed in the annual report. The company electronically files specific documents and statements on the corpfiling website (www.corpfiling.co.in).
Codes of Conduct
The code of conduct has been laid down by the Board with a view to promote good corporate governance and exemplary personal conduct. It is applicable to all directors and senior managerial personnel of the company. The Board of Directors has also approved a Code of internal procedures and conduct for prevention of insider trading in the shares of the company and Code of corporate disclosure practices for prevention of insider trading. These are available on the Company’s website.
As a part of its commitment to follow best practices and good corporate governance, JSPL abides by rules and guidelines as laid down by the Security and Exchange Board of India (SEBI). Conforming to these guidelines, and enthused by its own urge to be looked upon as a free, fair and trustworthy organisation, the Company always ensures that all its business and social accomplishments are achieved with integrity.
Compliance with Clause 49 of the Listing Agreement - Corporate Governance
Quarterly Compliance Report on Corporate Governance - 5th October 2013
Quarterly Compliance Report on Corporate Governance - 11th July 2013
Quarterly Compliance Report on Corporate Governance - 5th April 2013
Code of Conduct for Corporate Governance
Code of Internal Procedures & Conduct for Prevention of Insider Trading in Shares of the Company (As Amended)
Code of Corporate Disclosure Practices for Prevention of Insider Trading