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Laurus Labs

Corp. Gov.

CORPORATE GOVERNANCE

The corporate governance framework at Laurus Labs is based on an effective independent board, separation of the board’s supervisory role from the executive management team, constitution of the board committees and formulation of policies, each as required under law, including the SEBI Listing Regulations.

Laurus Labs is in compliance with the requirements of the applicable regulations, including the SEBI Listing Regulations, the Companies Act and the SEBI ICDR Regulations, in respect of corporate governance particularly in relation to constitution of the Board and committees thereof.

The board has been constituted in compliance with the Companies Act, 2013 and the SEBI Listing Regulations. Currently, the board has 11 Directors, headed by the Chairman who is a non-executive and independent director. In compliance with the requirements of the SEBI Listing Regulations, we have four Executive Directors, seven Non-Executive Directors including five Independent Directors on our Board. Our Board also has one woman Director.

The Board of Directors functions either as a full board or through various committees constituted to oversee specific operational areas. The executive management provides the Board of Directors detailed reports on its performance periodically.


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