The philosophy of IndianOil is to attain the highest standards of Corporate Governance by ensuring transparency in all its operations and to maximise shareholdes’ values. IndianOil fully complies with the stipulations laid down in the guidelines on the Corporate Governance as specified in Clause 49 of the Listing Argeement executed with the Stock Exchanges.
Composition of Board Directors
The Board of IndianOil consists of optimum combination of Executive and non-Executive Directors.Part-time non-Executive independent Directors are persons with proven record in diverse areas like Energy Policy, Academics, Government and Public Sector, Industry and Trade Unions. Consequent upon cross-holding of shares between ONGC and IndianOil; an independent Director representing ONGC has also been inducted on the Board of the Corporation.