Persistent Systems

168 / 327

168 • Annual Report 2018-19
Shaping the future of software driven business
2. Principle-wise (as per NVGs) BR Policy / Policies
a. Details of compliance (Reply in Y / N)
S.
No.
Questions P
1
P
2
P
3
P
4
P
5
P
6
P
7
P
8
P
9
1. Do you have a policy / policies for.... Y Y Y Y Y Y Y Y Y
2. Has the policy being formulated in consultation with the relevant
stakeholders?
Y Y Y Y Y Y Y Y Y
3. Does the policy conform to any national / international standards? If yes,
specify? (50 words)
Y Y Y Y Y Y Y Y Y
The Company has prepared these policies after reviewing the international
and industry best practices and has discussed internally in detail before its
implementation. The Company is confident that this policy is of international
standards and is open for amendments as and when felt necessary.
4. Has the policy being approved by the Board? Y Y Y Y Y Y Y Y Y
Is yes, has it been signed by MD / owner / CEO / appropriate Board Director? These policies have been signed by
the Managing Director.
5. Does the company have a specified committee of the Board / Director /
Official to oversee the implementation of the policy?
Y Y Y Y Y Y Y Y Y
6. Indicate the link for the policy to be viewed online? The Policies are available on the
website of the company at
7. Has the policy been formally communicated to all relevant internal and
external stakeholders?
Y Y Y Y Y Y Y Y Y
8. Does the company have in-house structure to implement the policy /
policies?
Y Y Y Y Y Y Y Y Y
9. Does the Company have a grievance redressal mechanism related to the
policy / policies to address stakeholders’ grievances related to the policy /
policies?
Y Y Y Y Y Y Y Y Y
10. Has the company carried out independent Audit / evaluation of the working
of this policy by an internal or external agency?
Y N Y Y Y N Y Y N
3. Governance related to BR
a. Indicate the frequency with which the Board of Directors, Committee of the Board or CEO to assess the BR
performance of the Company. Within 3 months, 3-6 months, Annually, More than 1 year.
– Within 3 months
b. Does the Company publish a BR or a Sustainability Report? What is the hyperlink for viewing this report? How
frequently it is published?
– The Company publishes its Annual Report which contains the Report on Business Responsibility and it is available
on the Company website i.e.
Section E: Principle-wise performance
Principle 1
Policy relating ethics, bribery and corruption
1. Does the policy relating to ethics, bribery and corruption cover only the company?
All companies under Persistent Group are covered by the policy relating to ethics, bribery and corruption.
Does it extend to the Group / Joint Ventures / Suppliers / Contractors / NGOs / Others?
Yes, all companies forming part of the Persistent group are covered by the policy. However, the Company has a separate
Code of Conduct for its Vendors / Suppliers / Contractors / NGOs wherein these principles are being covered for them.
2. How many stakeholder complaints have been received in the past financial year and what percentage was
satisfactorily resolved by the management? If so, provide details thereof, in about 50 words or so –
During the financial year 2018-19, the Company has not received any complaint from its shareholder and/or other
stakeholders.