The philosophy of Amrit
Banaspati Company Limited (ABCL) on corporate governance envisages attainment
of highest standards of transparency, accountability, equity and integrity in
its operations and dealings with all its stakeholders comprising of
shareholders, employees, creditors, bankers, government and last but not least
the society at large. We at ABCL believe that corporate governance is not
merely a set of rules but it is the way a "Corporate" is run and managed so
that the interests of all its stakeholders are secured.
Thus, the entire corporate structure of ABCL strive to be consistent with not
only the provisions of clause 49 of the Listing Agreement in letter and spirit
but also to adhere to unwritten rules of good corporate governance emanating
from ethical behaviour, fair play and sense of justice.
The stakeholders may refer to Annual Report for the year 2010-11 for entire
report on Corporate Governance.