Corporate Governance

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.

Code of Ethics

  • ACL is committed to ethical conduct and have published the code of ethics that guides all of our business practices.
  • We respect human rights in all dealings with team members, clients, suppliers,shareholders and local communities.
  • We recognize that local customs, traditions and practices may differ and we respect local laws and customs while supporting international laws and regulations in particular, we support International Labor Organization core conventions on labor standards.
  • We develop flexible working conditions to promote a healthy balance between work and personal life.
  • We promote the training and personal development of our team members.
  • We respect health and safety regulations in our working environment.
  • We require our team members to maintain confidentiality with regard to all information to which they have access, in accordance with applicable laws.
  • We refuse bribery and corruption in business practices.