###### Governance Strengthening foundations ##### for a better tomorrow ###### Ethical compliance is of utmost priority to build a strong and resilient organisational ecosystem. Our Board of Directors ensure the strategic implementation of our governance processes, embedding sustainability and diversity at every stage of our operations. Governance structure ###### We engage openly and transparently with all our stakeholders to strengthen their trust and create a fair and favourable business environment. Robust policies, standards and management systems enrich our steady foundations and help us deliver stellar performances to meet our goals. Discussion and Corporate Responsibility Financial Overview & IR Report Analysis Governance Report Statements ###### The Board's role The Board is responsible for determining the strategic direction of the Company and exercising judicious control over its affairs. The process of a Board establishing the direction for the corporation; reviewing, assessing, and approving strategic directions and initiative; and assessing and understanding the issues, forces and risks that characterise and propel the Company's longterm performance. **Business** **Financial** **experience** **experience and** **risk oversight** Dr. Anish Shah Mr. Ramesh Iyer ###### Expertise Our Board brings together a wealth of knowledge, perspective, professionalism, divergent thinking and experience. Our Board members have a deep understanding of governance, technical, financial and non-financial issues. **Technology** **Governance** **and innovation** **and regulatory** **oversight** **Consumer** **insights** **and marketing** **exposure (mainly** **rural and semi-** **urban markets)** Mr. Dhananjay Mungale x Mr. C. B. Bhave ###### Mahindra Finance Sustainability Council To act as a liaison between the Mahindra Finance businesses and the Group Sustainability council. Consists of a cross-functional team using an integrated network. Responsibilities are to: Ms. Rama Bijapurkar → Effectively integrate sustainability into business strategy and practices Mr. Milind Sarwate → Ensure all relevant sustainability policies and goals are well informed, aligned and efficiently executed → Ensure a high level of organisational understanding, alignment and engagement of the sustainability vision throughout the Company Mr. Amit Raje Dr. Rebecca Nugent x x ###### Sustainability Champions (FSS Level) Leading sustainability for each business with responsibility for: Mr. Amit Kumar Sinha → Disseminating information, ensuring monitoring and review of data and information → Being a single-point of contact between the businesses and the sustainability cell → Ensuring reporting under the GRI framework → Implementing initiatives and driving sustainability awareness programmes ###### Region-wise Sustainability Champions (Regional Office level) Overall responsibility at the regional office for data collection. They are aided by a team of sustainability enthusiasts to implement various sustainability activities. **General disclosures: GRI 102-16, GRI 102-18** **Specific disclosures: GRI 405-1**"
"The Risk Management Committee assists the Board in overseeing various risks, including review and analysis of risk exposures related to the Company. Risk management measures are regularly reviewed by the Risk Management Committee and thereafter by the Board."
"Yes, we are member of several industry associations that share our common goals, and we routinely work together to advance public policies of interest to us and the financial services industry. [...] Yes, the Company's Senior Management has suggested improvement in governance and administration processes, policy assistance and advocacy to government and industry bodies on automobile and financial services sector through various industry association and forums."
"The Liquidity Risk Management framework of the Company is governed by its Liquidity Risk Management Policy and Procedures approved by the Board. The Asset Liability Committee of the Board (ALCO) and Asset Liability Management Committee (ALMCO) oversee the implementation of liquidity risk management strategy of the Company and ensure adherence to the risk tolerance/limits set by the Board.