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A CGR 3 rating has been assigned to the corporate governance practices of KEI Industries Limited. This is on the rating scale of CGR 1 to CGR 6 where CGR 1 denotes the highest rating. The rating of CGR 3 implies that in care’s opinion, the company has adopted corporate governance practices which would provide its stake holders average level of comfort on the degree of corporate governance.
The rating reflects KEI’s clear and distinctly identifiable ownership pattern, well defined organizational structure with experienced professionals at the top, delegation of powers with good clarity and purpose, adequate MIS suitable to the business of the company, good track record of debt servicing and general compliance with the statutory and regulatory requirements. The rating also factors in the scope for improving the level of participation of independent directors in formulation of business goals, policies, policies and strategies and improving oversight of the board.
Care’s Corporate Governance rating (CGR) is an opinion on the relative standing of an entity with regard to adoption of corporate governance practice of an entity. It provides information to stakeholders as to the level of corporate governance practice of an entity. Click here to download complete draft rationale on corporate governance.
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