Knowledge
Seek to learn constantly to stand out from the crowd
Values-led Governance for Long-term Growth
Our governance framework is anchored in ethical conduct, transparency and accountability. Our Code of Conduct and supporting policies guide decision-making across the organisation, ensuring responsible business practices and respect for human rights. Our approach goes well beyond statutory obligations and is guided by well defined policies, the Code of Conduct, and disclosure frameworks.
Our corporate governance is upheld through robust and sound Board governance processes, internal control systems and stringent audit mechanisms, which are subject to periodic review by the Board and Board Committees. As a responsible corporate citizen, we operate with transparency to meet our societal commitments and deliver lasting impact.
At Laurus, we are committed to follow and practice our core values to advance "Chemistry for Better Living" to become a leading player in offering integrated solutions to global pharmaceutical needs in creating a healthier world. Following core values act like a compass, that keeps the organisation cruising in the right direction:
Innovation
Strike out on new paths to go farther
Excellence
Scale new peaks in everything we do
Care
Be diligent, safe and sensible
Integrity
Stand up always for what is right
Governance Principles
Ethics and Integrity
The Board upholds the highest standards of ethics, with Directors committed to the Code of Conduct, regulatory compliance and organisational values.
Responsible Conduct
We recognise our responsibility towards society and the environment, and remain committed to accountable and evolving business practices.
Accountability and Transparency
We ensure robust financial and non-financial reporting, supported by strong disclosure practices, stakeholder focus and rigorous internal and external assurance mechanisms.
Stakeholder-Centric Governance
Our governance approach is designed to create long-term value for all stakeholders. By upholding high standards of corporate governance, we aim to build a responsible, responsive and resilient organisation, equipped to navigate evolving opportunities and challenges.
About the Board
Our Board of Directors plays a central role in upholding strong governance, ensuring transparency, accountability and ethical oversight across the organisation. It guides strategic direction while safeguarding stakeholder interests and enabling sustainable growth.
Board Composition and Leadership
Our Board comprises a balanced mix of Executive and Independent Directors, bringing diverse expertise and perspectives. The Chairman of the Board is a Non-Executive Independent Director, who provides objective leadership and strategic guidance. With their collective experience and tenure, the Board continues to steer Laurus towards long-term value creation and responsible growth.
Key Highlights
Board Experience
Pharma Industry Experience of Directors in Board
Pharma experience
90%
No pharma experience
10%
Nationality
Indian nationality
70%
Nationality outside India
30%
Board Age Profile
98.5%
Attendance in Board and Board Committee meetings
98.6%
Attendance in Board meetings
Board Independence
Executive
50%
Independent
50%
Average Tenure
All Board Members
9.2 years
Independent Directors
6.2 years
Gender Diversity
Male
80%
Female
20%
Tenure in Company's Board
≤ 5 years
40%
> 5 years
60%
Ensuring Robust Oversight
We maintain a strong governance structure with Independent Directors constituting 50% of the Board, exceeding statutory requirements. This ensures independent oversight, balanced decision-making and enhanced accountability across strategic and operational matters.
Skills and Experience
| Name of the Director | |||||||
|---|---|---|---|---|---|---|---|
| Dr. Ravindranath Kancherla | ✓ | ✓ | ✓ | ||||
| Dr. Satyanarayana Chava | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Mr. V V Ravi Kumar | ✓ | ✓ | ✓ | ✓ | ✓ | ||
| Dr. C V Lakshmana Rao | ✓ | ✓ | ✓ | ✓ | |||
| Mr. Krishna Chaitanya Chava | ✓ | ✓ | ✓ | ✓ | |||
| Ms. Soumya Chava | ✓ | ✓ | ✓ | ✓ | |||
| Mrs. Aruna Bhinge | ✓ | ✓ | ✓ | ✓ | ✓ | ||
| Dr. Rajesh Koshy Chandy | ✓ | ✓ | ✓ | ✓ | |||
| Mr. Karnam Sekar | ✓ | ✓ | ✓ | ||||
| Mr. Ramesh Subrahmanian | ✓ | ✓ | ✓ | ✓ |
Pharma industry experience in sourcing, manufacturing, marketing and business development
Accounting, financial, budget and costing expertise
Legal and HR expertise
Expertise in corporate governance
Experience in quality
Formulation of effective strategy
Experience in supply chain management, generics
Code of Conduct
Our Code of Conduct reinforces our commitment to integrity, honesty and ethical behaviour, while embedding ESG principles across our operations. The Code is applicable to the Directors, senior management, employees, affiliates and value chain partners, and outlines expectations for ethical conduct and decision-making while discharging various business roles and responsibilities.
The Code fosters stakeholder trust by promoting integrity and accountability. Periodic monitoring and assessment of operations and business practices are being done to ensure adherence to legal and ethical standards, identify any potential risks, and promote a culture of ethics and integrity. Independent assessment by third parties are also been done periodically of key business functions to assess and identify any gaps and take necessary corrective and preventive measures to address any identified issues.
Respecting Human Rights
We are committed to upholding human rights across our operations through policies that prohibit child, adolescent and forced labour, as well as all forms of discrimination and harassment. We promote equal opportunity and ensure a workplace built on dignity, respect and inclusion, with zero tolerance for discrimination based on race, gender, age, religion, disability or other factors.
Whistleblower Mechanism
We provide a secure and confidential platform for reporting unethical practices, misconduct or legal violations. The mechanism ensures protection of the whistle-blower's identity, and the cases reviewed by the Audit Committee and appropriate actions taken where required.
Grievance Redressal
We maintain a structured grievance redressal framework, offering multiple channels for employees to raise concerns, including management access, HR, suggestion platforms and formal registers. This ensures timely resolution and supports employee well-being.
Data Privacy
We are committed to safeguarding sensitive information, including patient, research and proprietary data. Our data privacy framework ensures responsible handling, processing and protection of personal and business-critical information.
Tax Transparency
The Company has a Policy on tax transparency and governance, which provide guidance on Company's approach and commitments towards tax governance, tax planning and approach, tax compliances, and engagement with tax authorities. The Company believes that the taxes we contribute are a vital part of our overall economic and social impact, supporting the development of the areas where we operate. We believe our tax responsibilities are essential to our commitment to sustainable, responsible, and socially inclusive growth. We understand that tax evasion is unlawful, and we are committed to fully complying with the tax regulations in every country where we do business. Our dedication goes beyond simply adhering to the law; we also aim to respect the intent behind tax policies. We strive to balance our obligations as a responsible taxpayer while promoting competitive business growth. We aim to serve all our stakeholders, including investors, suppliers, and employees.
Reporting & Transparency
We maintain a transparent approach to reporting incidents related to corruption, bribery, harassment, confidentiality breaches, conflicts of interest, money laundering and insider trading. All such matters are addressed promptly, with appropriate disclosure and corrective action.