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Corporate Governance Report 2011-12
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Growth through Governance

Reliance is in the forefront of implementation of Corporate Governance best practices

Corporate Governance at Reliance is based on the following main principles:

  • Constitution of a Board of Directors of appropriate composition, size, varied expertise and commitment to discharge its responsibilities and duties.

  • Ensuring timely flow of information to the Board and its Committees to enable them to discharge their functions effectively.

  • Independent verification and safeguarding integrity of the Company’s financial reporting.

  • A sound system of risk management and internal control.

  • Timely and balanced disclosure of all material information concerning the Company to all stakeholders.

  • Transparency and accountability.

  • Compliance with all the applicable rules and regulations.

  • Fair and equitable treatment of all its stakeholders including employees, customers, shareholders and investors.