At Bharat Forge, we believe that our success depends is invariably linked to the trust that our stakeholders have on us. Therefore, appropriate disclosures and transparency, best-in-class Board practices and high standards of conduct to all stakeholders is a non-negotiable aspect for us.

Strong Governance Practices

At Bharat Forge, we are committed to upholding the highest standards in conducting business while being committed to integrity, transparency, accountability and our business values. Our governance framework encompasses regulatory and legal requirements of the multiple regions in which we operate as well as various voluntary practices. Our corporate governance architecture is further strengthened by the Code of Conduct which guides actions of all employees and various policies such as for insider trading, whistle-blower and preventing of bribery, corruption, fraud and sexual harassment.

Data Protection and Cybersecurity

Our business involves dealing with confidential information of our business as well as those of our clients. To protect this data and prevent cybersecurity breach, we have established a well-defined process to identify, monitor and mitigate such risks. We have a robust IT infrastructure that features multiple security layers, and has early-warning signals to detect and respond to cyber threats. We also have an established IT business contingency plans and incident response procedures. These were crucial in ensuring business continuity during pandemic. We periodically conduct security gap and vulnerability assessments, to strengthen infrastructure.

Approach to Risk Management

We have a robust Enterprise Risk Management (ERM) framework focused on identification, evaluation, prioritization and mitigation of all internal and external risks. The findings are reported to the Board & Risk Management Committee (RMC). The Board and the RMC play an active role to ensure all the relevant risk factors, are considered by the management, and a strategy is in place to mitigate risks to the extent possible and harness opportunities. Our framework is underpinned by a risk management policy as recommended by the RMC and approved by the Board.

Board Diversity