Nass Corporation aspiring to be a role model of good corporate governance

The company is developing and refining its internal systems to fit in with international best practices. The corporation has been working on a corporate governance plan that specifies the distribution of rights and responsibilities of the Board Members and Senior Managerial Staff, spelling out the rules and procedures for decision-making on matters relating to corporate affairs.

Good corporate governance is a corporation's responsibility to promote corporate fairness, transparency and accountability, an essential foundation for the future of a newly listed entity.

"The management team has adopted a proactive approach and following Nass Corporation's board meeting last month, the Board has moved ahead on constituting its Audit and Remuneration Committees. These will comprise Non-Executive Independent Directors and will become functional in due course," said Mr Hemant Joshi, Advisor to Nass Corporation's BSC Board of Directors.

"This is a very important first step, following which the rest of our corporate governance plan will be implemented. Our portfolio of activities continues to grow and we remain committed to ensuring a thorough view of our affairs in order to maintain the high level of confidence we have earned from our stakeholders," added Mr. Joshi