Corporate Governance

HMFS believes in keeping strong corporate governance practices at the core of its operational philosophy. We are cognizant of the fact that corporate governance practices enable organizations to deliver value to all relevant stakeholders. Keeping in view the importance of corporate governance systems we have incorporated the highest standards of transparency, fairness and accountability at strategic, operational and tactical levels of our organization. The enforcement of a strong code of corporate governance has enabled us to keep all risks in our conduct of business at a minimum level, thus bringing sustainability in our operations and ensuring productive use of company assets. The ultimate aim of is to protect the interest of all stakeholders including customers, employees, suppliers, the wider community and our shareholders.

Transparency and Accuracy
Implementation of transparency at all levels of the organization, ensuring that all the relevant information is disclosed to all stakeholders of the company, especially with regards to related-party transactions.

Responsibilities and Duties
Have clear lines of communication, defining the roles and responsibilities of all the relevant personnel including supervisory, regulatory and enforcement authorities. The Board should set out and enforce clear lines of responsibility and accountability for the top management.

Elimination of conflicts of interest
Align the interests of Board-Management-Shareholders through maintaining a strong and independent element on the Board being able to exercise objective and independent judgment on corporate affairs.

Fairness and Equitable treatment
Ensure the equitable treatment of all shareholders, including minority shareholders. HMFS should ensure to effectively remedy any observed violation of all shareholder rights.

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