Overview

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Corporate Governance

Bharat Forge believes that effective Corporate Governance Practices constitute a strong foundation on which successful commercial enterprises are built to last. The Company's philosophy on corporate governance oversees business strategies and ensures fiscal accountability, ethical corporate behavior and fairness to all the stakeholders comprising regulators, employees, customers, vendors, investors and society at large.

Our corporate governance is a statement of the values we stand by as we conduct our business and engage with our stakeholders. Corporate Governance in Bharat Forge establishes procedures and systems to be fully compliant with the statutory requirements. At Bharat Forge, it is imperative that our Company affairs are managed in a fair and transparent manner. This is vital to gain and retain the trust of our stakeholders. Periodic review of the procedures and systems takes place in order to ensure continued relevance, effectiveness and responsiveness to the needs of the shareholders.

The Company discloses information regarding its financial position, performance and other vital matters with transparency, fairness and accountability on a timely basis. These reports are prepared in adherence to the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") and the report comprehends all the requirements under Regulations 17 to 27 read with Para C and D of Schedule V and clauses (b) to (i) of sub-regulation (2) of Regulation 46 of the Listing Regulations as applicable.



Report on Corporate Governance for FY 2016-17