Amara Raja is committed to the adoption of highest standards of Corporate Governance and its adherence in all its activities and processes and looks at Corporate Governance as the corner stone for its sustained business.
At Amara Raja, the core philosophy on Corporate Governance is based on good principles and practices such that the affairs of the Company are being managed in a way which ensures accountability, transparency and fairness in all its transactions in the widest sense and meet its stakeholder’s aspirations and societal expectations.
Our robust Corporate Governance practices are derived from the composition of our Board of Directors for each company and the strategic direction and rigorous management focus they provide. Bringing together extensive experience, our Board of Directors guide the companies to adhere to the highest benchmarks of transparency and accountability with an aim to contribute positively to our stakeholder’s prosperity.
Besides the statutory Board of Directors, the respective Group Companies are headed by Managing Directors/CEOs who along with the Executive Committee are responsible for the vision, strategy to achieve the vision, performance and capability building for the respective businesses of the Company. Amara Raja at the Group level has put in place a two-tier structure of governance to ensure business sustainability.
The ARCC provides strategic direction, enterprise leadership and creates a shared vision and value-system, across the business and companies that make the Amara Raja Group.
The ARCC displays the breadth and depth of our talented human capital to steer strategic plans and achieve our Group Vision. Working together, we create value while staying true to our common purpose and core values.
The second tier comprises of GROCOM which is a larger leadership body which comprises the senior leaders across the Group including all business heads, group function heads and the senior operations and marketing heads.
GROCOM as a collaborative leadership team meets periodically to discuss key business challenges, best practices and people aspects, in order to facilitate synergy and growth across the businesses.
The above two tier structure ensures that the strategic management being free from the task of day-to-day executive management, remains focused and energised on enhancing the quality, efficiency and effectiveness of each Company.
People, one of our critical strategic assets, who can create infinite possibilities continue to be at the core of Amara Raja’s transformative journey. We believe in and practice our philosophy - 'Gotta be a better way' which inspires us to go past limits and strive that much harder each day.
We believe in staying contemporary and focusing relentlessly on achieving results through people. Thus, for the Group as a whole, we have developed a strong People Strategy framework as part of our Governance Structure.
Through The Amara Raja Way®, we aim to achieve organization objectives in an invigorating work environment by excelling in people Engagement, Development and Performance.
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Amara Raja believes in the conduct of its affairs in a fair and transparent manner by adopting highest standards of professionalism, honesty, integrity and ethical behavior. It is committed to developing a culture where it is safe for all people to raise concerns about any unacceptable practices and any event of misconduct.
Amara Raja has adopted a Vigil mechanism or “Whistle Blower Policy”. Under this policy all stake holders have access to the ombudsman to raise any concerns without fear.
The purpose of the policy is to provide people an avenue to raise concerns and report to the management instances of unethical behavior, actual or suspected fraud or violation of the Company’s policies and to promote responsible and secure whistle blowing and to provide necessary safeguards for protection of people from reprisals or victimization, for whistle blowing in good faith.
The policy neither releases employees from their duty of confidentiality in the course of their work, nor can it be used as a route for raising malicious or unfounded allegations about a personal situation.
Introduction & Administration of Code of Ethics
Over the years we have worked together to build and create opportunities, which have evolved in to the Amara Raja Group of Companies. We are all proud of what we have achieved. In the process of building and nurturing this organization, we have laid down guidelines, rules and regulations that have enabled us to run our organization and our business in a fair, just and ethical manner. Some of these rules and guidelines, which I am referring to, are not always set down in writing, but have been established or perpetuated through practice and example.
The Amara Raja Code of Ethics will be governed and administered by a committee appointed by the Chairman. The President (Group HR & New Business Development) will chair the committee consisting of two other members nominated by the Chairman.
This committee will be the custodian of the Amara Raja Code of Ethics.
Every employee in the Amara Raja Group of Companies, associates, customers and business partners of the company are free to bring to the notice of the Code of Ethics committee any act or action which in their opinion constitutes a breach of the Code of Ethics. They may do so by either writing a letter, a message on the e-mail addresses of the committee members or meet / telephone any one of them in person with the details and evidence in support of their complaint or apprehension.
The committee will evaluate and act on any complaint brought to their notice if in their opinion they are convinced that the matter has to be investigated. They will protect and keep confidential the identity of the complainants or aggrieved persons. Similarly, complainants must carefully evaluate the ramifications and the impact their complaint may have and should do so after they have adequate proof or firm reason to believe that a breach of the Code of Ethics has taken place.
The committee will regularly meet once every quarter and as and when required to evaluate and investigate matters reported to the committee. The frequency of meetings will depend on the gravity of the matters reported. In the event a complaint is not found sustainable or baseless, the committee will notify and advise the complainants accordingly. In the event a complainant is required to testify or place evidence before the Code of Ethics Committee, the same shall be acted upon by the committee.
The Chairman of the committee will report the outcome and findings of all investigations directly and only to the Chairman. The committee constituted under the Code of Ethics may recommend suitable action and such action will be executed in keeping with the general policies and rules of the Company and appropriate laws that may govern such action or actions.
The committee will be re-constituted as and when there are changes to the existing committee and the members will be nominated by the Chairman.
This is a document that is dynamic and will therefore undergo changes, amendments and additions depending on the circumstances and the need of the hour. Different subjects, examples and illustrations will be added on from time to time. This is not an exhaustively illustrated document.
Chairman of the committee
President (Group HR)
TERMINAL A
1-18-1/AMR/NR, Nanakramguda Gachibowli,
Hyderabad – 500 032. India.
91-40-2313 9360
Members of the committee
President – New Energy Business, ARE&M
TERMINAL A
1-18-1/AMR/NR, Nanakramguda Gachibowli,
Hyderabad – 500 032. India.
91-40-2313 9220
Co - Founder & Managing Director, Amara Raja Infra Pvt Ltd &
Amara Raja Industrial Services Pvt Ltd
Karakambadi, Tirupati, Andhra Pradesh, India.
91–877–2265 000
It is indeed an honor and our privilege to hold office on the Amara Raja Code of Ethics Committee.
We hereby pledge to uphold the integrity and prestige of the Amara Raja Code of Ethics and in doing so strive to keep our organisation, our relationships and our actions clean and above board at all times.
The Ethics Committee will provide the lead and clarifications as and when they are solicited. The role the committee is expected to play is not reactive in nature. It is a proactive body set up to provide advice, clarity and assistance to those actively involved and entrusted with the responsibility of implementing, practicing and monitoring the Code of Ethics. Every employee, and especially the Heads of Department are directly responsible to ensure that the Code of Ethics is followed in letter and spirit at all times.
The Code of Ethics document is not a rulebook.
The Code of Ethics does not supercede or replace the rules and Laws of the Land constituted by the government of our country. The Code of ethics cannot and has no intention of guiding our actions, which may in any way contravene or contradict the laws of our country and international laws our country chooses to recognize.
It is a reference document which provides the guiding principles and some illustrative examples to amplify or clarify a point. It is therefore a “conscience-keeper” document. It is a very dynamic document that will undergo changes and amendments as required from time to time to keep it tune with the changing times, circumstances and environments in which we live and work.
