Corporate Governance

The right opportunities, unwavering on the right path

The Board of Directors is ultimately responsible for all business and risk outcomes in our Company. To ensure adequate risk management, the Board is supported by the Risk Management Committee and Finance Committee which are sub committees of the Board and are further supported by several executive-level committees.

Our Risk Management Committee has oversight on all risks faced by our Company. It is chaired by a Non -Executive Independent Director and comprises our Chairman and Non-Executive Independent Director, three Non-Executive Nominee Directors, our Non-Executive Non-Independent Director and Vice-Chairperson and our Managing Director and Chief Executive Officer. Apart from oversight on all risks, Risk Management Committee is responsible for evaluating and approving new products, defining our risk appetite and acceptable broad risk thresholds for each class of risk and advising the risk team on new ideas and trends in risk management. A Credit Committee (“CC”) comprising our Managing Director and Chief Executive Officer, CFO, Chief Legal Counsel, Group Risk Officer and Governance Head is responsible for monitoring all credit exposures including early alert process and taking the necessary actions for recovery. CC meets once a month or more frequently as and when required. In addition, we also have certain other approvers at various levels with delegated authorities who operate with the oversight of our Credit Committee.
The Finance Committee comprises two directors, i.e., our Managing Director and Chief Executive Officer and our Non-Executive Non-Independent Director and Vice-Chairperson. The Finance Committee reviews the framework and policies for liquidity risk management and interest risk management, treasury strategies and management and compliance with lender investor covenants. It is assisted in the process by an assets and liabilities committee (“ALCO”) which is responsible for approving the borrowings to be availed by us within the overall limits stipulated by our Board, Shareholders and the Finance Committee.
We also have constituted a ‘Northern Arc Operational Risk Committee’ comprising members of our Senior Management and certain other members of our management team, which is chaired by our Managing Director and Chief Executive Officer to cover certain risk related aspects such as operational risk, process controls, risk events, key control risk assessments (KCSAs). Our risk corrective action plans are tracked monthly and if required, on a more frequent basis.

Policy documents

Notices and Annexures

Public Disclosure On Liquidity Risk - March 2022
Stock Exchange Intimation_Outcome of Board Meeting (10.05.2022)
Recovery Agencies
EGM Notice - 26.03.2022
Public Disclosure On Liquidity Risk - December 2021
Appointment of Statutory Auditors
EGM Notice – 05th January 2022
EGM Notice – 08th October 2021
Public Disclosure On Liquidity Risk - September 2021