At Sarala Development & Microfinance Private Limited (“the Company/ Sarala”), the
philosophy on Corporate Governance is aimed at value creation, keeping the interests of all
stakeholders protected most inclusively and complying with the combination of laws,
regulations, procedures, implicit rules and good corporate practices which ensure that a
company meets its obligations to optimize shareholders’ value and fulfill its responsibilities toward all stakeholders including customers, government authorities, lenders, employees,
members/shareholders and the community at large which ultimately contribute to overall
governance.
The Company has an active, experienced and a well- informed Board. Through the
governance mechanism in the Company, the Board along with its committees undertakes
its fiduciary responsibilities towards all its stakeholders by encompassing best practices to
support effective and ethical leadership, sustainability and good corporate citizenship.
Corporate Governance has always been an integral element of the Company and the
Company believes in sustainable corporate growth that emanates from the Board of
Directors and top Management down through the Organization to the various stakeholders
which are reflected in its sound financial system and enhanced market reputation.