Good corporate governance is a pre-requisite for enhancing shareholder’s long-term value. The company’s policies and practices are aimed at efficient conduct of business and effectively meeting its obligations to shareholders. SFL has been consistently improving transparency and accountability to all its shareholders.
The Company complies with the current requirements relating to corporate governance, under the Listing Agreement entered into with the Stock Exchanges. SFL firmly believes that good corporate practices underscore its drive towards competitive strength and sustained performance. These practices are also powerful tool for building trust and long-term relationship with stakeholders of the Company. Company’s thrust on transparency, integrity, accountability and disclosure has enabled it to accomplish best Corporate Governance practices.
The company has complied with SEBI Guidelines in respect of Corporate Governance specially with respect to composition of Board, constituting the committees such as shareholding / investor grievances committee, etc. Currently We have Six Directors on Board. Out of which three are Independent (Non Executive) Directors and two are Executive Director (Promoter Directors). Thus, SFL complies with the provisions of the Clause 49 of the Listing Agreement in respect of composition of the board of directors.