HDFC Life Corporate Presentation
Ethical Conduct & Governance
ESG Management Committee, led by the Chief Financial Officer oversees the policy implementation and operational controls for environmental risks including
Climate change
The overall accountability for the ESG issues lies with the CSR Committee of the Board
• Performance Management based on the principles of Balanced Scorecard; covers the Organization's performance on financial, market / customer, people,
sustainability and operational aspects.
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Governance Structure
Board Composition
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Five Independent Directors
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Three Non-Executive Non-Independent Directors
Board Diversity
STANDARDS
COMPLIANCE
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30% women as on 31st December, 2022
POLICIES
REGULATIONS RULES
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Remuneration Policy
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Seeks to balance the fixed and incentive pay
ESOPS based on the recommendations of NRC
Clawback & Malus provision
Risk Management
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Risk oversight by Senior Management & Board of Directors vide Risk
Management Council and Risk Management Committee
respectively
Modes of Risk Awareness Trainings, E-mailers, Seminars,
Conferences, Quizzes and Special awareness Drives
Business Continuity Management (BCM)-Recovery plan for critical
business activities in place
Enterprise Risk Management (ERM) framework
o 'Three Lines of Defence approach'
o Reviewed and approved by the Board
ESG risks including Climate change, etc. included under Emerging
risks category of the ERM Framework
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