Corporate Governance is both a tradition and a way of life at Jubilant.

Our Jubilant promise is : Caring, Sharing, Growing.

"We will, with utmost care for the environment, continue to enhance value for our customers by providing innovative products and economically efficient solutions and for our shareholders through sales growth, cost effectiveness and wise investment of resources."

This credo succinctly sums up our basic corporate governance principles as follows :

	Caring for the environment which includes caring for the society around us.
	Enhancement of stakeholders value through pursuit of excellence, efficiency of operations, quest for growth and continuous innovation.
	Transparency, promptness and fairness in disclosures to and communication with all stakeholders including shareholders, government authorities, customers, suppliers, lenders, employees and the community at large.
	Compliance with laws in letter as well as in spirit.

Our vision is driven by our Values, which are :

	Teamwork to inspire confidence
	Efficiency to create and provide best value to customers
	Know how to provide innovative solutions
	Ddelivery to provide excellent quality of products and services

The highlights of Jubilant’s Corporate Governance Regime are :

	Broad based and well-represented Board with a fair representation of executive, non-executive and independent directors with over 80% of the Board being non-promoters.
	Constitution of several Committees such as Audit Committee, Remuneration Committee, Investors Grievance Committee etc. for more focused attention.
	Established Codes of Conduct for Directors and Senior Management as also for other employees. Instituted Whistle-blower policy and Code of Conduct for Prevention of Insider Trading.
	Focus on hiring, retaining and nurturing best talent and to promote a culture of excellence across the organization. Exhaustive HRD Policies cover succession planning, training and development, employee grievance handling.
	Organisation wide ‘Velocity’ initiatives taken which include world-class improvement methodologies such as Six Sigma, Lean and World Class manufacturing.
	Exhaustive and unique system of internal controls spanning over 1800 control points monitored through especially designed software. The company has voluntarily completed the documentation required as per Sarbanes – Oxley Act.
	Robust Risk Management framework for identifying various risks, assessing their probability as well as likely impact and finalizing risk minimization plans.
	Regular communication with shareholders including e-mailing of quarterly results just after release to Stock Exchanges, obtaining regular and also online feedbacks from shareholders.
	Comprehensive Corporate Sustainability Management System focusing on triple bottom-line reporting on economic, environment and society parameters as per Global Reporting Initiative standards with a stated policy on Sustainability.

The Corporate Governance practices of your Company are being acclaimed now. Your company has won the following three very prestigious global awards:

• Golden Peacock Global Award for Corporate Governance in September 2007
• Golden Peacock Global Award for Corporate Social Responsibility in February 2008
• Golden Peacock Global Award for CSR Reporting in September 2008

Jubilant is the only company to win all the three global awards. These awards recognise the best Corporate Governancepractices, concern for society and environment and creation of extraordinary value for shareholders by your Company.

Standard & Poor (S&P), reputed agency of the world, launched ESG India Index 2008 wherein largest 500 NSE listed Indian companies were evaluated and ranked on Environment, Social and Governance standards. As of December31, 2007, Jubilant was ranked at number 6 on these parameters, implying that your Company is among the top six companies in India.

During the year 2009-10, Company won the following:

• NDTV Profit Business Leader of the Year 2009 Award as the Best Pharmaceutical Company
• PHD Chamber Annual Excellence Award 2009 - for Good Corporate Citizen
• Corporate Excellence Award as the best pharma company from Amity University
• Industry Excellence Award 2009 from Institute of Engineers India, Kolkata
• Best Contract Research Manufacturing Organisation of the Year 2009 Award by Frost and Sullivan.
• ET - IMEA 2009 Platinum Award in the Pharmaceutical category given to API facility at Nanjangud by Frost &Sullivan.
• Acharya PC Ray Award for Development of Indigenous Technology - 4DMAP
• Certificate of Appreciation for successful implementation of HIV/AIDS programme from International Labour Organisation (ILO).