We have a robust internal policy framework in place. Below are our corporate governance policies:
Healthy Board of Directors across all companies with periodic board meetings.
National Governing Committees – Core Executive Committee, Compensation Committee to drive operational decision making.
Advisory Board constituted for Capital Markets Business.
Robust internal policy framework.
Indian at heart and global in terms of internal governance standards.
Healthy Business governance matrix with business owners for each sub-vertical / geography.
Approval Matrix aligned with P&L matrix. Maker and Checker controls enabled in the system.
SAP by Design Cloud ERP for finance – Ensure Robust transaction accounting, Robust Taxes, Automation and Maker and Checker for each transaction.
Stringent and compliant Revenue recognition policies, where service completion and collectability are determined prior to revenue recognition.
Aggressive Bad debt provision mechanism – Revenue uncollected beyond 90 days from due date is provided @ 50% of AR and beyond 120 days from due date @ 100% AR, thereby protecting P&L.
Strong Legal & Compliance and Contracting framework.