Corporate Governance

Essar Energy is an equal opportunity employer and has in place numerous practices that ensure not only appointment of executives from all diverse backgrounds but also an equal and fair opportunity to these associates for their engagement, growth and career development within the system.

The Company is committed to ethical conduct of business, manages its affairs with fairness to all stakeholders and operates with openness, integrity and accountability. It continues to provide entrepreneurial leadership to the Board, while ensuring that sound effective Corporate Governance practices are embedded in the organisation and its decision-making processes.

The Board of Directors conducts the business of the Company in due compliance with its Memorandum and Articles of Association and the laws applicable to the jurisdictions of the places where the Company operates and undertakes a periodic review of business plans, performance and compliance to regulatory requirements. The Board is the decision making body for all matters material to the Company’s finances, strategy and reputation.

It is collectively responsible for the long-term success of the Company and has ultimate responsibility for the management, direction and performance of the Group and its businesses. The Board is required to exercise objective judgment on all corporate matters and is accountable to shareholders for the proper conduct of the business.