CLARITY AND TRUST
GOVERNANCE
At JSW Steel Limited, corporate governance is an ongoing commitment rooted in integrity, transparency, and accountability. Guided by a balanced Board and experienced professionals, we uphold ethical practices through strong systems, ensuring growth while prioritising stakeholder welfare.
Corporate governance structure
At JSW Steel, the Board of Directors steers governance and strategic direction, safeguarding long-term stakeholder interests. Strategy execution and operational decisions rest with the Executive Committee, comprising senior executives who collaborate closely with Board Committees to uphold strong governance, ethical standards, and alignment with our Company’s strategic objectives.
Corporate Governance Framework
Balanced Board of Executive and Non-Executive Independent Directors with a diverse range of expertise and experience
Provides strategic direction and
evaluate performance
Ensures the long-term interest of the stakeholders
that are being served
Under the guidance of the Board and its committees, JSW Steel drives performance by adopting various policies on key domains such as corporate governance, sustainability and CSR. Respective information on the policies is available at our website
*For investigating a leak or suspected leak of unpublished price- sensitive information
Executive Committee
Operations Committee below the Executive Committee
Business ethics
We maintain the highest ethical standards across our operations, with a strong focus on transparency and sound governance. The Board ensures strict compliance with our Code of Conduct, while all employees remain fully committed to these principles, reinforcing ethical behaviour at every level of our organisation.
Whistleblower policy
Our Whistleblower policy provides a secure and confidential platform, which is active 24*7, for reporting ethical concerns, fraud, or breaches of our Code of Conduct. In FY 2024-25, the Ethics Helpline handled 105 cases, out of which 36 cases are under investigation. Accordingly, as on March 31, 2025, 66% were resolved.
Human rights
We undertake thorough human rights risk assessments, engaging stakeholders to carry out detailed evaluations. To enhance due diligence, we have established a confidential grievance mechanism for addressing discrimination and harassment swiftly. Regular monitoring and audits promote accountability, while training programmes raise awareness and strengthen human rights protections. We also encourage our suppliers to uphold similar standards, giving preference to those who reflect our values. Aligned with both legal and voluntary commitments, we report our progress transparently and prohibit discrimination and associations with human rights violators. Our Sustainability Framework ensures ongoing improvement and compliance across all facets of our operations.
Sustainability framework
We follow the JSW Group’s comprehensive Sustainability Framework, consistently applied across all our sites. This structured approach enables efficient management of key sustainability priorities, reinforcing our commitment to environmental stewardship, social responsibility and economic resilience while supporting the effective execution of our broader strategic goals.
Management standards
Define various function's objectives, how they manage risks, supply chain, collect and report performance data
Policies
Specify expectations for managing sustainability issues, including environmental, social and governance (ESG) aspects, and mandating compliance with laws and regulations
Read our policiesGuidance notes
Provide supplementary information on implementing management and technical standards effectively, enhancing clarity and ensuring compliance
Technical Standards
Detailed specific activities and performance requirements to achieve policy objectives consistency across sites
Cybersecurity
Cybersecurity is pivotal in fortifying our digital infrastructure against evolving threats. Guided by a proactive strategy overseen by our Chief Information Officer and the Risk Management Committee of the Board, we ensure robust protection for our operations.
Key elements of our approach
Comprehensive risk management
We conduct rigorous assessments to identify and mitigate vulnerabilities and breaches, safeguarding our critical assets and information
Adherence to industry standards
Aligned with ISO/IEC 27001:2013 and other best practices, our cybersecurity framework ensures resilience and compliance
Policy-driven security
Our Cyber Security Policy, easily accessible online, delineates responsibilities and protocols, fostering transparency and accountability
Continuous enhancement
Through ongoing upgrades and proactive measures, we stay ahead of emerging threats, bolstering our cybersecurity infrastructure
our website Read more about our Cyber Security PolicyContributions to institutions and associations
During the year, we contributed approximately ₹12 crore towards memberships and subscriptions to non-political organisations such as worldsteel, World Economic Forum (WEF), World Business Council of Sustainable Development (WBCSD), United Nations Global Compact (UNGC), Indian Steel Association, CII, FICCI, ASSOCHAM and many more. These contributions reflect our commitment to industry engagement and collaboration. Detailed tax-related information is available in our Tax Transparency Report which reinforces our dedication to transparency, responsibility and accountability by detailing our tax principles, governance structures, and policies, along with providing quantitative insights into our financial contributions across various categories. This approach ensures clarity and reinforces stakeholder confidence in our tax-related practices and disclosures.
Key memberships
We actively engage industry and trade bodies and associations to share insights and foster the exchange of ideas. Our regular participation in discussions ensures we stay informed about global and regional industry trends.
our website Access our Tax Transparency Report hereAppointment and rotation of auditors
The Audit Committee oversees and evaluates the performance of external auditors on behalf of the Board, recommending their appointment or re-appointment based on stringent criteria. These criteria include technical competence, operational credibility, ability to provide transparent and accurate recommendations, and overall reliability. According to the Companies Act, 2013, no individual can serve as an auditor for more than one term of five consecutive years, and no audit firm can serve for more than two such terms. SRBC & Co. LLP was appointed as statutory auditors for a five-year term starting from the 23rd Annual General Meeting (AGM) until the 28th AGM, with shareholder approval for a subsequent five-year term until the 33rd AGM. SRBC & Co. LLP, a network firm of EY in India, adheres to rigorous procedures for partner assignments and rotation in audit responsibilities.
Stakeholder grievance mechanism
We implement strict business conduct policies across our workforce and value chain to ensure ethical compliance. Our structured grievance mechanism addresses stakeholder concerns. In FY 2024-25, we received 879 shareholder complaints and 100% were resolved satisfactorily. Complaints received from employees, workers and customers were also addressed and resolved.
