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Corporate Governance

REL recognises the ideals and importance of corporate governance and acknowledges its responsibilities towards all its share holders, employees, customers and regulatory authorities. The company believes that a good corporate governance process aims to achieve a balance between the share holders interest and corporate goals of the Company. Good Corporate Governance is also a must to attain the highest levels of transparency, accountability and integrity thereby enhancing the value of the share holders and their Company. Accountability improves decision making and transparency helps to explain the rationale behind decision making and reinforces the shareholders confidence in the company.

REL has taken several steps to ensure enhanced Corporate Governance. REL has formed a Share Holders, Investor grievance and an audit committee, to ensure better Corporate Governance. The committees meet regularly to attend to their scope of work and suggest changes if any to achieve better Corporate Governance.

Transparency and systems with regard to Corporate Governance in REL stand justified from the fact that REL receives very few investor complaints. Whatever investor complaints received are taken care of immediately and it is a fact with REL that at most of the times there are no investor complaints pending.

REL believes in timely and accurate disclosures. REL follows the regulatory guidelines by letter and spirit. REL has never failed in any of its statutory disclosures. REL firmly believes that it is easier to manage and grow the company in a transparent manner rather than follow unwanted practices.