Page 49 - KRCL ENglish

Corporation has implemented, both in letter and spirit, the guidelines enunciated
by the Department of Public Enterprises, Government of India, on Corporate
Governance. For effective implementation, the following good governance
practices have been put in place:

• Code of Conduct for Board of Directors and Senior Management
• Integrity Pact for Vendors
• Systems in place for ensuring compliance of Applicable Laws, Rules &
Regulations
• Whistle Blower Policy

• Corporate Social Responsibility Policy
• Risk Management Policy
• Conduct, Discipline and Appeal Rules for Employees

32. BOARD OF DIRECTORS
The Board of Directors headed by Chairman & Managing Director, is the apex
body which oversees the overall functioning of the Corporation. The Board has
approved a 3rd Corporate Plan 2017-2022 which indicates the overall direction to
the Corporation. It is vested with the ultimate responsibility of the management
and performance of the Corporation. The Board has its Charter and accordingly,
decisions of the Board are aligned to serve in the best interest of the Corporation.
The Board frames policies and programs and oversees its implementation. It has
constituted following ve (5) Sub-Committees to assist in the management of the
day-to-day affairs of the Corporation and to facilitate a smooth and efcient ow of
decision-making process.
1. Audit Committee,
2. Nomination & Remuneration Committee,

3. Risk Management Committee,
4. Corporate Social Responsibility & Sustainability Committee and
5. Shareholders' Committee (Stakeholders' Relationship Committee)

The Corporation, being a 'Railway Administration' under the Indian Railways Act,
1989, is a member of Indian Railways Conference Association (IRCA) and follows
the operating and commercial rules framed by Ministry of Railways from time to
time.

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