IDEA Bank (Coming Soon)
VALUES AND BELIEFS
IDEA Group has a corporate governance policy that promotes the highest levels of transparency and accountability to all stakeholders. It is a system by which all business corporations within the Group are directed and controlled. It deals with laws, procedures, practices and implicit rules that determine the Group companies’ ability to take informed managerial decisions vis-a-vis its principal stakeholders – shareholders, creditors, customers, the state and employees.
Our corporate governance policy includes:
- An independent and effective board of directors
- Good audit process and reporting
- Participation of shareholders in decision making
- Maximizing shareholder value
- Meeting social obligations
IDEA Group is committed to the highest standards of corporate governance in all its activities and processes. The various businesses were entrusted to competent professionals from the industry.IDEA Group disclosure norms are ahead of standards and are moving towards international practices. The boards of Group companies comprise eminent individuals from various disciplines.Each board has an audit committee, where directors, management and auditors deal with matters relating to financial reporting obligations, internal controls, review of accounting policies, and management of financial risks. It monitors compliance with laws, regulations and its own code of business conduct. The shareholders / investors grievance committee handles redress of shareholder and investor complaints like transfer of shares, non-receipt of balance sheet, and non-receipt of declared dividends.
The management committee takes decisions about policies and other important issues concerning the management. Each year all Group companies file a report on corporate governance, making all statutory disclosures.