Companies

TIPS philosophy on Corporate Governance is to achieve business excellence, enhance long term values for its stakeholders, maintain excellent relations across all levels and proper compliance with all applicable legal and regulatory requirements. In its endeavor to achieve higher standards of governance by adopting the best emerging practices, the company not only adheres to the prescribed Corporate Governance practices in terms of the regulatory requirements but is also committed to sound Corporate Governance principles and practices. The Company has complied with the requirements of the guidelines on Corporate Governance stipulated under Clause 49 of the Listing Agreements with the Stock Exchanges. — Composition of Board: The Board of Directors comprise of prominent professionals having significant and diversified experience in their respective fields. The Board provides leadership and guidance to the management and directs, supervises and controls the performance of the Company. The Company has an optimum combination of Executive and Non- Executive Directors with one woman director. As on March 31, 2015, the Board consists of five Directors comprising of two Executive Directors and three Non