Governance

Trosa has been providing advice and support on corporate governance since 2020 along with providing expert advice and management of an organisation compliance framework.

Trosa has the capacity to deliver global mandates related to governance given its sector specific knowledge supported by a dedicated team of corporate secretaries and an in-house legal team having worked with over 600 organisations across the globe. Our Governance team has extensively supported multiple board of directors by providing any organisational support for them- both by developing and implementing the processes and practices which are relied on by the board of directors to assist them in completing their fiduciary duties.

Trosa is to carry out independent or assisted audit of the organisation’s governance practices and systems. Our approach is to conduct the Corporate Governance validation and GAP analysis using best practice standards, extensive Board level experience and our governance compliance checklist in identifying areas that are either deficient, adequate or are meeting best practice standards.

With the plethora of Central Acts, State and Local laws in force in India, with about 200+ laws applicable to any Company, such applicable laws require the preservation of certain documents for a specific period of time as specified under the statute and Trosa helps the Companies through a structured offering for Preservation of Documents (‘’PODx’’). The type of documents include Constitution Documents, Certificate, Application Forms, Registers, Approvals, Licenses, Notices, Resolutions, Records, Consent Letters, Counter foil, Contracts, Statement of records, Returns etc., and are required to be maintained for a specified period or permanently by both listed and unlisted companies.

Thus, it is extremely vital for every Company to have a policy on Preservation of Documents to safeguard itself from Statutory and Business risks. Regulation 9 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 requires listed companies to have a Policy for Preservation of documents, approved by its Board of Directors, classifying them in at least two categories as follows-

a. Documents whose preservation shall be permanent in nature.

b. Documents with preservation period of not less than 8 years after completion of the relevant transactions.

Pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, top 500 listed companies, based on the market capitalization (calculated as on March 31 of every Financial Year) are required to include Business Responsibility Report describing the initiatives taken by them from an Environmental, Social and Governance perspective, in the format as specified by the Board from time to time in its Annual Report. Companies other than top 500 listed companies may include this report on a voluntary basis as a good governance practice.

Trosa has introduced a certification for adherence with the above 9 principals through the Business Responsibility Module. This BR Module forms part of the Legatrix tool. The 9 Principles to assess compliance with Environmental, Social and Governance norms are:

• Businesses should conduct and govern themselves with Ethics, Transparency and Accountability.
• Businesses should provide goods and services that are safe and contribute to sustainability throughout their life cycle.
• Businesses should promote the wellbeing of all employees.
• Businesses should respect the interests of, and be responsive towards all stakeholders, especially those who are disadvantaged, vulnerable and marginalized.
• Businesses should respect and promote human rights.
• Business should respect, protect, and make efforts to restore the environment.
• Businesses, when engaged in influencing public and regulatory policy, should do so in a responsible manner.
• Businesses should support inclusive growth and equitable development.
• Businesses should engage with and provide value to their customers and consumers in a responsible manner.