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Investors Corporate Governance

Philosophy

Corporate Governance at Rural Electrification Corporation Limited (REC) is managing the business in an ethical and responsible manner geared to sustainable value creation for stakeholders within the prevalent regulatory framework. The Company believes in adopting the best practices that are followed in the area of Corporate Governance across the globe. The Company has a strong legacy of fair, transparent and ethical governance practices. REC is also committed to facilitate availability of electricity for accelerated growth and for enrichment of quality of life of rural and urban population and acts as a competitive, client-friendly and development-oriented organization for financing and promoting projects covering power generation, power conservation, power transmission and power distribution network in the country.

The Corporate Governance framework at REC is based on the following guiding principles:

• Compliance of law, rules & regulations in true letter and spirit;

• Appropriate systems and practices to protect, promote and safeguard the interests of all its stakeholders; and

• Establishing a climate of trust and confidence among various stakeholders by means of transparent and timely disclosure of all material information.