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Central Depository Services India Ltd does not disclose any internal governance process for its lobbying activities. While it references “influencing public and regulatory policy” in Principle 7 and states “we have received several suggestions from trade bodies and associations for our stakeholder’s and company’s growth,” listing areas such as “Go green movements” and “Single demat account for all financial assets,” these references do not include any description of oversight, monitoring or alignment mechanisms. The disclosures instead focus on compliance matters, noting that “The Regulatory departments constituted to strengthen the regulatory functions ... are headed by senior officials of the Company, who report to the MD & CEO” and discussing reconstitution of the Audit Committee to comply with Regulation 18(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. We found no evidence of a policy to ensure lobbying alignment, no process for reviewing direct or indirect lobbying activities, and no named individual or committee with oversight of lobbying efforts.
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