Corporate Governance

In tune with the L&T Group philosophy, a Corporate Governance framework at L&T Hydrocarbon Engineering has been established to ensure integrity, maintaining codes of transparency and accountability in our business activities.

We proactively address emerging challenges related to environment, social inclusions and corporate governance.

The Company’s policy of corporate governance has been steadfast in achieving the highest standards of ethics, transparency, integrity, professionalism and accountability. It is an ongoing endeavour to improve upon these aspects and adopt innovative approaches for leveraging resources, converting challenges into opportunities and opportunities into achievements. We foster a healthy, growth oriented and inspiring environment for development of human resources.

The Corporate Governance framework in the Company is based on an effective independent Board, the separation of the Board's functions, and the constitution of Board committees. The Governing body of L&T Hydrocarbon has 8 members, of which 4 are independent members.

Board of Directors

Code of Conduct and Risk Management Framework

L&T Hydrocarbon Engineering is a professionally managed Indian multinational, committed to total customer satisfaction & enhancing stakeholders’ value. Company’s policy of corporate governance has been steadfast at achieving highest standards of Transparency, Integrity, Professionalism and Accountability. This includes respect for human values, individual dignity, and adherence to honest, ethical and professional conduct. All the Board Members and Senior Management Personnel abide by the Company’s ‘Code of Conduct’.

Senior Management Code of Conduct  |   Risk Management Framework

Corruption and anti-competitive behaviour

Professionalism, principles of ethics and fair practices govern the behaviour pattern in L&T Hydrocarbon Engineering. We will not be party to any act or measure that compromises or is likely to compromise our values. Robust systems are in place to address all issues involving anti‐trust behaviour and these systems are reviewed periodically at the corporate level. Guidelines for financial transactions and non‐financial documents set by top management are communicated to employees along with the Code of Conduct. Our ‘Whistleblower Policy’ covers the entire organisation.

Vigil Mechanism  |  Confidentiality Policy

Internal Control System

Our internal control system is proportional to the extent of our business. According to a corporate policy on internal control we have a structured framework that identifies, rectifies, monitors and reports internal control weaknesses in the organisation.

Apart from the internal mechanism to review and monitor internal controls, the Company also periodically engages independent professional firms to carry out review of the effectiveness of various control processes in businesses and support functions. All significant observations and corrective actions taken are reviewed by the management and Audit Committee of the Board.

Women’s Workplace Safety Policy

We believes that every woman employee is entitled to a work environment that is free from any conduct which can be considered as sexual harassment. Our Women’s Workplace Safety Policy is based on the laws of India and is applicable to all Employees of L&T Group located in India, irrespective of their level, rank or designation, across all departments, functions and operations.

Women’s Workplace Safety Policy

AGM Notices

Information on the AGMs held by the Company can be viewed here:

EGM Notice

Information on the EGMs held by the Company can be viewed here: