remains committed to high standards of Corporate Governance and recognizes that it
is a driver of value-driven leadership and high standards of accountability,
transparency and ethics across the Group. The Group has been focusing on a
highly proficient Board-driven approach for Max India and all its businesses.
Today, we have highly active Boards; an enhanced interface between Management, Committees and the Boards in all operational entities. The Directors on the Boards are domain experts of global acclaim. We also invite renowned experts and consultants periodically to provide insights and external perspective to critical business areas.
The Board of Directors at Max India currently comprises twelve members with an Executive Director and eleven Non-Executive Directors, of which seven are independent. Mr. Analjit Singh, Chairman of the Company, is a Promoter Director. No Director is a member in more than ten committees, or the Chairman of more than five committees, across all public companies in which he is a Director.
The Company holds at least one Board meeting in a quarter to review financial results and business performance. The gap between two Board meetings does not exceed four calendar months. Apart from aforesaid four meetings, additional Board meetings are also convened regularly. Matters of exigencies are approved by the Directors by resolutions passed by circulation as permissible under the provisions of the Companies Act, 1956.
Max India has a Code of Conduct for the Directors and Employees of the Company to guide them on:
- Adherence to the highest standards of honesty, integrity and avoidance of conflicts of interest.
- Carrying out their duties in an honest, fair, diligent and ethical manner, within the ambit of authority conferred upon them and in accordance with applicable laws.
- Their responsibility to take decisions and implement policies in the best interests of the Company and all its stakeholders.
‘Code of conduct for Directors’