Purpose and Objective
The purpose of this Corporate Governance Policy is to establish a framework for the ethical and responsible management of Vilwaa
Our objective is to uphold transparency, integrity, and accountability across all operations, ensuring long-term value creation for all stakeholders alike.
Scope
This policy applies to all members of the Board of Directors, management, and employees of Vilwaa, as well as subsidiaries and affiliates.
Governance Structure
Board of Directors
The Board is responsible for overseeing company strategy, setting governance policies, and ensuring compliance with legal and ethical standards. The Board delegates day-to-day management to the executive team but retains ultimate accountability for the company's performance.
Committees of the Board
Ethics and Code of Conduct
All employees, officers, and directors are expected to act in line with our Code of Conduct, which outlines standards for ethical behaviour, honesty, and compliance. Reporting misconduct is encouraged through a protected whistleblower system, ensuring no retaliation for genuine concerns.
Board Composition and Succession Planning
Board Composition
Our Board comprises members with diverse skills, experience, and backgrounds, fostering a variety of perspectives in decision-making.
Succession Planning
The Board and executive team maintain a robust succession plan to ensure stability and continuity in key leadership roles. Succession planning is reviewed annually.
Risk Management and Internal Control
Risk Management
Vilwaa operates under a comprehensive risk management framework to identify, assess, and mitigate risks. The team regularly reviews and updates the risk profile on a continuous basis.
Internal Controls
Internal controls are implemented to protect assets, prevent fraud, and ensure accuracy in financial reporting. The Audit Committee oversees and regularly reviews the effectiveness of these controls.
Financial Reporting and Disclosure
Vilwaa is committed to transparent, timely, and accurate financial reporting. Financial statements are prepared in compliance with applicable laws and standards, reviewed and externally audited annually.
Sustainability and ESG (Environmental, Social, Governance) Responsibility
Environmental Responsibility
Vilwaa is committed to reducing its environmental impact through sustainable practices, energy efficiency, and waste reduction initiatives.
Social Responsibility
Our policies reflect a commitment to diversity, equity, and inclusion (DEI), fair employment practices, and community support.
Governance and ESG Reporting
Progress on ESG goals is tracked and reported annually, reinforcing accountability and transparency in our commitment to sustainability.
Policy Compliance and Enforcement
Non-compliance should be reported to the Compliance Officer or through the whistleblower channel. The team takes these reports seriously and will address any violations promptly and thoroughly.