Ambica Corporation Limited (ACL) adheres to strict corporate governance practices. The company has a Board of Directors, which is responsible for overseeing the management of the company and the Board is composed of a mix of executive and non-executive directors, also there is a separate role of Managing Director and CEO.
The company also has various committees to assist the Board in fulfilling its responsibilities, including the Audit Committee, Remuneration Committee, and Nomination Committee. These committees are composed of independent directors and are responsible for overseeing financial reporting, executive compensation, and board nominations.
In addition, ACL has adopted various policies and procedures to ensure ethical conduct and compliance with legal and regulatory requirements.
The company has a Code of Conduct that applies to all employees, directors, and officers, and it has established procedures for reporting any violations of the Code or other ethical concerns.
Overall, ACL is committed to maintaining strong corporate governance practices and ensuring that it operates in a transparent and ethical manner.