and Foresight
We uphold the highest ethical standards and remain committed to achieving sustainable and profitable growth. Our efficient risk management framework ensures that we are able to navigate market vagaries smoothly while our strong governance practices guarantee effective internal control over processes and reliable reporting of our performance.
We believe sound corporate governance is the bedrock of a sustainable and commercially successful business. Our culture of corporate governance goes long back, and it is essentially about meeting our strategic goals responsibly and transparently, while being accountable to our stakeholders.
Our core principles of governance
Ensuring Governance
We conduct our business in alignment with the highest standards of business ethics. Our values underpin our commitment to be an equal opportunity employer ensuring respect, dignity, fairness and human rights for all our employees. All aspects of the human rights are built into and covered under the Code of Business Conduct as well as by various human resource practices and policies.
Internal Control framework
We have put in place an adequate internal control system to safeguard all our assets and ensure operational excellence. Our internal controls framework covers financial, operational, compliance and information technology controls, as well as risk management policies and systems. The framework also diligently records all transaction details and ensures regulatory compliance. We have well-established risk management processes embedded within the business that enable us to identify, evaluate, record, and monitor significant risks.
Accountability and Transparency
The Board commits to providing reliable and comprehensive financial and non-financial reporting accompanied by a robust feedback mechanism. We align with global best practices relating to disclosures and subject ourselves to internal and/or external assurance and governance procedures.
Board’s role in delivering strategic objectives
The ACC Board possesses requisite qualifications, experience and expertise in the fields of manufacturing/ cement manufacturing, finance, people management, strategy, auditing, tax and risk advisory services, infrastructure, banking, insurance, investments, mining and mineral industries and e-commerce. It plays a significant role in strategy formulation. The Board meets periodically to discuss the strategic roadmap and other relevant topics such as Environment, Social and Governance (ESG), succession planning, talent, etc. and provides insights, suggestions and guidance to the management.
Memberships and Collaborations
Various bodies with which ACC is associated are
Supported by Strong Internal Processes and Systems
At ACC, compliance is more than a legal requirement. We have zero tolerance towards corruption and ensure ethical conduct and fair competition through a gamut of policies and set processes and procedures. The Executive management regularly reviews progress on compliance and the effectiveness of internal processes.
Related Party Transactions
All transactions of the Company entered into with related parties during the year under review were in the ordinary course of business and on an arm’s length pricing basis.
Strictures and penalties
No strictures or penalties were imposed on the Company by the stock exchanges or by the Securities and Exchange Board of India (SEBI) or by any other statutory authority on any matter related to the capital markets during the last three (3) years.
Whistleblower Policy
The Board of Directors at ACC has laid down a Whistleblower Policy, which covers the Directors, employees and relevant stakeholders of the Company. Our policy of Zero Tolerance towards corruption fair and transparent business dealings. The Audit and Compliance Committees of the Board keep a stringent watch on the implementation and maintenance of WhistlbBlower Policy.
A more detailed review can be found in the Corporate
Governance Report, forming of this Integrated Report
Read more 
Donations and Political Contributions
As a Company, we are politically neutral, as emphasised in our Code of Business Conduct. ACC avoids political donations, campaigns and promotions of a political nature and we request our employees to observe strict neutrality.