The core principle of our corporate governance practice is to oversee the management and protect the interests of our stakeholders. As active and well-informed members of the board, we are fully committed to ensuring the highest standards of corporate governance. An integral part of our commitment to follow appropriate practices, we comply with the Corporate Governance Guidelines. The independent directors prepare the audit, handle compensations, investor grievances, nominations, and risk management committees, bringing their valuable perspective to the board.
The Governance and Nomination Committee is responsible for counselling the Board with respect to the board’s governance and membership. In fulfilling that responsibility, the committee has devised the ‘Responsibilities of Gleanore Directors’, that has been successfully adapted by the board members. These responsibilities include acquiring an in-depth understanding of Gleanore’s core business, understanding the importance of advocating the entire shareholder constituency and increasing shareholder value, and active, objective and constructive participation during official committee conferences.
Gleanore’s Compensation Committee meets annually in an executive session to review the compensations and attainment of established performance goals as set forth in its charter. The Committee Head communicates the results of the review to the independent members of the board, the Executive Chairman and the CEO. The CEO annually reviews the company’s succession planning and development with the Compensation Committee and the Board of Directors and provides recommendations for potential successors for key managers.
The Board determines the half-yearly meeting schedule. The meetings last a minimum of four hours and involve presentations by key managers of our business verticals and executive presentations on strategic policy issues. The agenda for each meeting is established by the Chairman with reviewed input from the directors.
The board operates in four committees: the Audit Committee, the Compensation Committee, the Executive Committee and the Nomination and Governance Committee. The Executive Committee consists of a minimum of three board members and is authorized to act on regular and routine board matters when the board is not in session.
The Nomination and Governance Committee is responsible for formulating the board compensation and benefits for non-employee directors. Only non-employee directors are compensated for their service on the Board. The committee reviews the compensation and beneficiary factors of competitive companies to ensure that the company attracts and retains highly qualified directors. The compensation program is designed to enable directors to build an equity interest in the company to align their personal financial interest.
Gleanore’s governance model formalizes principles that guide us on a path a to be a responsible corporate citizen, and to dedicate to our society and the environment. At Gleanore, it is crucial to maintain a balance between the interests of our associates with equal concern, transparency, and respect.
M.No. 4041, Gat No. 393, Lonikand
Pune – 412216, Maharashtra – India
Manufacturing Unit -1
M. No. 1146/1, Lonikand,
Pune – 412307, Maharashtra – India
Manufacturing Unit – 2
M.No. 05/485, Katkewasti,
Pune – 412207, Maharashtra – India
Our monthly newsletter with insights and intelligence from across the firm.
M.No. 4041, Gat No. 393, Lonikand Pune – 412216, Maharashtra – India
Manufacturing Unit -1
No. 1146/1, Lonikand, Pune – 412307, Maharashtra – India
Manufacturing Unit – 2
M.No. 05/485, Katkewasti, Pune – 412207, Maharashtra – India
Our monthly newsletter with insights and intelligence from across the firm.
