Multi-Pronged Risk Management and Protection Philosophy slide image

Multi-Pronged Risk Management and Protection Philosophy

Environment •Social Governance 5 pillars of ESG Governance structure Risk management and BCM E 回 Corporate governance policy Ethical Conduct о Commitment to ethical business practices о Six independent Board evaluation & independence Board Diversity policy ○ O Includes Corporate structure and stakeholder management Compensation framework directors Risk management policy Enterprise risk management (ERM) framework 'Three Lines of Defense approach' О Risk oversight by Board of Directors о Review in multiple management forums О 'Fit and Proper' as " per regulation o 27% women as on 30th June, 2021 Reviewed and approved by the Board Responsible Investment Diversity, Equity & Inclusion Holistic Living Remuneration policy Seeks to balance the fixed and incentive pay STOP REPORT Performance Management System based on the principles of balanced scorecard Business ethics and compliances AA BRR² & Human Stewardship Rights Code Sustainable Operations Code of Whistle blower PRSH¹ Conduct Policy 1. PRSH: Prevention of Sexual Harassment 2. BRR: Business Responsibility Report 36 3. AML: Anti Money Laundering $ Disclosure of managerial remuneration in the annual report COMPLIANCE DO о 466 Mitigating & Managing Risk Modes of Risk awareness Trainings, E-mailers, Seminars, Conferences, Quizzes and Special awareness Drives Sensitivity analysis and stress testing Business Continuity Management (BCM)- Creation of a recovery plan for critical business activities Information/Cyber Security Responsible Investment (RI) о Anti Bribery & Corruption Policy AML3 Privacy Policy ISO 27001:2013 and ISMS assessment program О Data Privacy Policy О Generate optimal risk adjusted returns over the long term RI framework applicable to all major asset classes including equity and bonds integrated into investment analysis HDFC Life
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