Copyright 2014 by kccsoftwareltd. All Rights Reserved.
CORPORATE GOVERNANCE

COMPANY’S PHILOSOPHY

Corporate governance is about maintaining an appropriate balance of accountability between three key players: the corporation's owners, the directors whom the owners elect, and the managers whom the directors select. Accountability requires not only good transparency, but also an effective means to take action for poor performance or bad decisions."

Corporate governance is about commitment to values and ethical business conduct. It is about how an organization is managed. This includes its corporate and other structures, its culture, policies and the manner in which it deals with various stakeholders. Accordingly, timely and accurate disclosure of information regarding the financial situation, performance, ownership and governance of the company is an important part of corporate governance.

This improves public understanding of the structure, activities and policies of the organization. Consequently, the organization is able to attract investors, and enhance the trust and confidence of the stakeholders.

We believe that sound corporate governance is critical to enhance and retain  investor trust. Accordingly, we always seek to ensure that we attain our performance goals with integrity. Our Board exercises its fiduciary responsibilities in the widest sense of the term.
(B) NON- EXECUTIVE DIRECTORS COMPENSATION AND DISCLOSURES
The Company does not pay any other remuneration to them besides sitting fees. Appropriate records are
maintained in respect of the payment made to them.
        FOR MORE DETAILS  DOWNLOAD THE CORPORATE GOVERNANCE REPORT

BOARD OF DIRECTORS
(A) COMPOSITION OF BOARD OF DIRECTORS

In compliance with clause 49 (1) (A) of the Listing Agreement, the Board comprises of optimum combination of both
Executive and Non Executive Directors i.e two Executive and two Non executive directors of whom one is an
independent Director. The Chairman of the Board is an Executive Director and in compliance with the said clause
more than half of the Board comprises of Independent Directors. All the members of the Board are highly experienced
professionals drawn from the field of business and finance.
CODE OF CONDUCT
A company's reputation is one of its most valuable assets. The relationships between the company's employees,
customers, partners, shareholders as well as competitors are based on this. This Code is the foundation for acting
responsibly and with integrity throughout KCC SOFTWARE LTD.
We are all guided, privately as well as in our professional lives, by our very own code of conduct and personal values
which are influenced by our upbringing, education and experience but also through social requirements such as laws
and regulations. In most cases we intuitively know what the right thing to do is. We personally know what it means to
act with integrity.
All Board members and senior management personnel affirms compliance with the code on annual basis. The Annual
report of the company contains a declaration to this effect signed by the CEO.