BOARD’S REPORT 143 Sr. No. Name of the Policy Brief description Summary of key changes made to the Policies during the year 15. Anti-Bribery and Anti-Corruption (ABAC) Policy While the basic tenets of anti-bribery and anti-corruption policy are enshrined in the Code of Conduct of the Company, this Policy comprehensively captures the Company’s approach towards bribery and corruption in detail. There has been no change to this policy. 16. Investor Grievance Redressal Policy The Policy aims to promote and build prompt Investor Grievance Redressal Mechanism and investor friendly relations. The Escalation Matrix for Investor Grievances forming part of the Policy has been updated during the year under review. 17. Policy on Gifts & Entertainment The Policy lays down the guidelines for acceptance of gifts and entertainment by employees of the Company. Permitted deviations & processes are laid down through this Policy. The Policy was amended with a view to include a clause on offering or accepting invitation to sporting, cultural or other events which Mahindra organises / sponsors or to which Mahindra has access, with prior approval of the relevant Group Executive Board (GEB) member and a clause on combining a colleague’s social event with business travel. Subsequent to the year end, the Policy was further amended vis-à-vis value of Gifts. 18. Risk Management Policy The Risk Management Policy, inter alia, includes identification of risks, including cyber security and related risks and also those which in the opinion of the Board may threaten the existence of the Company. The Directors of your Company approved amendments to this Policy making it simpler and encompassing entire process of identification of Risks, Mitigation, Owners, etc.
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