RELIANCE INDUSTRIES LIMITED

Report on Corporate Governance

Corporate Governance is based on the principles of integrity, fairness, equity, transparency, accountability and commitment to values. Good governance practices stem from the culture and mindset of the organisation. As shareholders across the globe evince keen interest in the practices and performance of companies, Corporate Governance has emerged on the centre stage. Over the years, governance processes and systems have been strengthened at Reliance. In addition to complying with the statutory requirements, effective governance systems and practices inter alia towards transparency, disclosures, internal controls and promotion of ethics at work-place have been institutionalised. Reliance recognises that good Corporate
Governance is a continuing exercise and reiterates its commitment to pursue highest standards of Corporate
Governance in the overall interest of all the stakeholders. For implementing the Corporate Governance practices, Reliance has a well defined policy framework consisting of the following :
Reliance’s values and commitments policy
Reliance’s code of ethics
Reliance’s business policies
Reliance’s policy for prohibition of insider trading
A detailed programme of ethics management
These policies and their effective implementation underpin the commitment of the Company to uphold highest principles of
Corporate Governance consistent with the Company’s goal to enhance shareholder value.
Corporate Governance Monitoring and Review Process at
Reliance : With expert assistance from Indian and international firms, Reliance had initiated a programme to review its policies and practices of Corporate Governance with a clear goal not merely to comply with statutory requirements in letter and spirit but also to implement the best international practices of
Corporate