Page 21 - Kolte Patil AR 2019-20

Board of Directors Discipline-driven Audit and Transparency
The Board comprises At Kolte-Patil, we are compliance-driven At Kolte-Patil, we
achievers of standing; a good engaged in a business At Kolte-Patil, we believe communicate accurately and
proportion of Independent marked by thousands of that business predictability comprehensively as well.
Directors, who can speak variables where even one is derived from a strong We hold our transparency
their mind and influence variable incompetently review system. We commitment dear – whether
the Board. Their prudent managed can affect the strengthened an audit-driven it is in the form of what we
approach and sustained customer’s experience. and compliance-driven tell customers who buy from
guidance has enriched our At Kolte-Patil, this reality approach. When faced with us, what we tell investors
values, business functions has inspired us to invest an accounting treatment during quarterly earnings
and governance. in discipline: processes, that requires interpretation, calls and what we tell our
systems and standard we would rather take a employees on prospects and
operating protocols with the conservative view. The result appraisals. We were one of
objective to control variables is that whatever we report few real estate companies to
and eliminate deviations in our books is a faithful share a detailed document
– each time and every indication of what actually outlining the COVID-19
time. This discipline has exists. Leading global impact with the stock
been complemented by a auditors Deloitte Haskins exchanges.
robust IT foundation, which & Sells LLP and KPMG are
provides us with a scalable the Company’s Statutory
foundation that enables us Auditors and Internal
to grow profitably without Auditors respectively.
a proportionate increase in
resources.

Stakeholder value
At Kolte-Patil, it would be simplistic to believe that we exist for one kind of stakeholder. The reality is that we have focused
on well-roundedness: we are different things to different stakeholders. The customer must get the best value for money spent
in buying our asset class; the employee must derive pride of association; the investor must generate a superior return on
employed capital; the community must benefit in visibility and pride from our neighbourhood presence; the government must
benefit through taxes and livelihood creation; our vendors must benefit through the outsourcing of products and services.
At Kolte-Patil, we believe that the measure of our governance lies in the assumption that if we did not exist, the urban
landscape would be poorer.

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