Corporate Governance Rating

JCR-VIS Credit Rating Company Limited has reaffirmed the Corporate Governance Rating of the Company at CGR-9 denoting ‘high level of corporate governance’ for the year 2013-14. The rating is measured on a scale ranging from CGR-1 (lowest) to CGR-10 (highest)

Corporate governance ratings are based on evaluation of key governance areas of the rated organization, which include Regulatory Compliance; Board Oversight; Management Profile; Self-regulation; Financial Transparency and Relationship with Stakeholders. The rating takes into consideration the continued commitment of the Board and Management of the company to maintain sound governance framework.