Fifth Largest Cement Group in India

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Corporate governance

Championing new-age building solutions underpinned by innovation and a commitment to environmentally responsible growth, Nuvoco stands for a futuristic way of working. A highly progressive system of corporate governance is established at our core, setting these priorities for us and showing us the way to achieving them.

Our Governance philosophy

The principles of Execution Excellence are an integral part of Nuvoco’s culture, enabling its employees to achieve their goals and focus on sustainability by leveraging trust, transparency and collaboration as its core strengths. Nuvoco’s corporate governance framework reflects its culture, policies, commitment to the core values, and its relationship with accountability to its various stakeholders. Nuvoco has charted a trajectory of rapid and consistent growth by adhering to best practices in corporate governance.

Governance led by the Board

Our Board of Directors at Nuvoco is our highest governing body and decision-making authority, responsible for providing us with direction and strategy towards delivering sustainable growth as well as guiding our commitments and actions on matters related to ESG. It does so by framing policies that enable development of our strategic framework and committees to drive implementation of these strategies. Our policies are designed to ensure continuous monitoring and oversight by our Board-led Committees.

Our Board of Directors consist of seasoned professionals who have distinguished themselves with their profound expertise, astute acumen in technical and management domains, unwavering commitment to professional ethics, and exceptional leadership prowess.

Our Board is independent, diverse, and rooted in our organisational values. It is led by our Chairman who is a non-executive director. Our Board members have wide-ranging expertise across subjects of manufacturing, finance, taxation, governance and technology, research and development, innovation, sustainability, business and industry, as well as strategy planning, regulatory/legal & risk management. These skills/expertise are mapped with each of the Directors on the Board and the same is disclosed in the Corporate Governance Report, which forms part of this Integrated Annual Report.

The Board has constituted various Committees with specific terms of reference in line with the provisions of the Listing Regulations and the Act. The Committees play a vital role in critical functions of Nuvoco in order to ensure smooth and efficient business operations. The day-to-day management of Nuvoco is entrusted with the Senior Management Personnel and is headed by the Managing Director, who functions under the overall supervision, direction and control of the Board.