An effective corporate governance is crucial for the management of a company's business affairs as well as for money market communication. Our commitment to higher corporate governance standards is our chance to:
- Demonstrate our dedication to well-balanced and transparent rules to the market participants
- Emphasize the importance of our clearly defined management tools and responsibilities internally
Four Soft believes that sound corporate governance is critical to enhance and retain investor trust. Accordingly, we always seek to attain performance with integrity. The Board extends its fiduciary responsibilities in the widest sense of the term and aims at enhancing long term shareholder value and respect minority rights in all business decisions.
Four Soft in its continuous initiative and drive towards good governance and accountability, has uphold the corporate governance through ethical business practices, integrity and transparent business operations. Four Soft has full support of the board and employees in the corporate governance initiative.
At the core of the corporate governance practice is the board, which oversees how the management serves and protects the interests of all the stakeholders of the company. Four Soft believes that an active, well informed and independent board is necessary to ensure highest standards of corporate governance.
Board
- Mr.Palem Srikanth Reddy Chairman & Managing Director
- Dr.T.R.Sivaramakrishnan Independent Director
- Mr.Mohan Krishna Reddy Independent Director
- Mr.Srinivas Prasad Independent Director
- Mr.K.V. Ramakrishna Independent & Nominee Director
- Prof.Janat Shah Independent Director
- Mrs.Soujanya Reddy Non-Executive Director
Brief Description of the terms of reference of the
Audit Committee
The Audit committee reviews, acts and reports to Board of Directors on:
- Auditing and accounting matters, including appointment of statutory and internal auditors
- Compliance with legal and statutory requirements
- Integrity of company financial statements, scope of annual audit, fees paid to statutory and internal auditors
- Statement of related party transactions.
- Performance of Internal audit functions, accounting standards.
Audit committee reviews the un-audited quarterly, half-yearly and audited annual financial results, with the management before submitting to the Board for its approval. The audit committee comprises of independent and non-executive directors. All the members of the Audit Committee are financially literate and the Chairman is financial management expertise.
Members of the Committee
- Dr.T.R.Sivaramakrishnan : Chairman
- Mr.K.V. Ramakrishna : Member
- Mr.Srinivas Prasad : Member
- Mr.Mohan Krishna Reddy : Member
- Prof Janat Shah : Member
Remuneration Committee / Compensation Committee
The brief terms of reference of Remuneration Committee are
- To determine salaries, benefits, and stock option grants to Directors of the Company.
- To recommend the ESOP Trust under the ESOP plan drawn from time to time.
Members of the Committee
- Dr.T.R.Sivaramakrishnan : Chairman
- Mr.K.V. Ramakrishna : Member
- Mr.Mohan Krishna Reddy : Member
- Prof Janat Shah : Member
Share Transfer and Investor Grievance Committee
The Investor Grievance Committee administers the following
- Transfer, Transmission of shares
- Issue of Duplicate share certificates, as and when required
- Redressal of Shareholders / Investors Grievances from time to time
Members of the Committee
The Investor grievance committee consists of following Independent and non-executive directors.
- Dr.T.R.Sivaramakrishnan : Chairman
- Mr.Srinivas Prasad : Member
- Mr.K.V. Ramakrishna : Member
- Mr.Mohan Krishna Reddy : Member
- Prof Janat shah : Member
Members of Nomination Committee
The Nomination Committee consists of following directors
- Mr.Palem Srikanth Reddy : Chairman
- Mr.K.V.Ramakrishna : Member
- Prof.Janat Shah : Member
Duties of Nomination Committee
The Nomination Committee administers the following
- Selecting and appointing independent directors.
- Evaluation of Board and its members on annual basis.
- Draw up skill sets required on the Board based on the Company’s current and future strategic priorities identify and evaluate candidates that meet these predefined criteria.
