Corporate Governance

At KGS, we have ensured the compliance of all set systems, principles and procedures as required under the laws of the land. This adds value to our Company and is also beneficial for all stakeholders in long term.

Corporate governance is based on principles such as conducting the business with all integrity and fairness, being transparent with regard to all transactions, making all the necessary disclosures and decisions, complying with all laws of the land, accountability and responsibility towards the stakeholders and commitment to conducting business in an ethical manner.

Our belief in corporate culture and professional way of working is reflected on our Board with individuals having rich experience and knowledge of their domains. We also strongly believe that presence of Independent Directors on the Board contribute a great deal towards ensuring infusion of versatility and confidence in the market. Therefore, our Board is a comprehensive mix of independent and full time Directors.

To make the most of our internal talent pool we have formed various committees like -

• Executive Committee - To assist the Board in day to day affairs of the Company.
• Technical Committee - To appraise the Board with respect to project implementation, operation of plants, process improvements and new opportunities.
• Risk Management Committee - To appraise the Board about risks associated with operation, technical, commercial and marketing aspects and suggest suitable mitigation measures.
• Finance Audit Committee - To oversee internal audit and control system, finalise books of accounts and carry out audits as well as inculcate financial prudence.
• Remuneration / Human Resource Committee - To frame policies, finalise remunerations and benefits to the Directors on board and the members of higher management, to select and recommend appointments of directors and top management executives.
• CSR Committee - To carryout social and sustainable development activities in the vicinity by bringing around improvements in sanitation, education and healthcare.
• Share Holder Committee - As per section 178 of companies act 2013 company has formed stakeholder’s relationship committee to resolve grievances of security holders of company.
• Agriculture Committee - This committee gathering the sugar cane crop cultivation data evaluates H & T logistics, scheduling of harvesting program, controlling the cultivator payments, H&T payments and commissions.
• Agriculture Advisory Committee - To have a smooth communication between sugar cane cultivators, to under stand and resolved their issues and to guide and educate them we have formed a committee by including farmers of group villages.