Our Policy Framework

Since its inception, Lupin has continued to expand its leadership and global footprint in a strongly competitive business environment. We attribute this to our governance framework, which defines our principles and forms a strong foundation for sustainable growth. Our philosophy has always been to acknowledge, accept and adhere to the highest standards of ethical behavior and integrity, thereby building trust amongst all our stakeholders.

To embed business ethics within our culture, we reinforce PLEDGE - Preparing Lupin Employees to Demonstrate Corporate Governance and Ethical Conduct. The purpose of PLEDGE is to establish fundamental values as well as standards and guidelines that we expect our employees to abide by during their employment. It also provides an avenue for employees to voice their concerns as well as report any violation, misconduct, or malpractice without the fear of penalization or retribution. PLEDGE incorporates our ‘Code of Business Conduct and Ethics’ (the Code) that is applicable to all employees including the senior leadership, and the Board of Directors.

The Code reinforces our values of transparency, accountability, integrity, and professionalism, which are embedded in our company’s ethos and DNA. It is mandatory that employees acknowledge their receipt, acceptance, and observance of this Code so that they are aligned with our vision while pursuing their professional and personal goals.

A few of the core competencies that allow us to function efficiently are:

Global
Business
A deep understanding of the pharmaceutical landscape across diverse geographies as well as the regulatory jurisdiction that governs them enables us to retain our leadership position as a ‘Global Pharma Powerhouse’.
Mergers &
Acquisitions
Our ability to embed organic with inorganic growth through acquisitions while carefully making ‘build or buy’ decisions, value transactions and assess operational integration plans.
Strategic
Planning
We undertake strategic decisions with an understanding to seize high value business opportunities in Branded and Generic Formulations, Specialty Products, Biosimilars, and Active Pharmaceutical Ingredients.
Corporate
Governance
We develop and implement the highest standards of Corporate Governance to maximize long-term value for our stakeholders by adhering to the principles of transparency, integrity, professionalism, fairness, and accountability.

Our Board of Directors comprise of a group of highly experienced entrepreneurs and professionals from the pharmaceutical industry and beyond, who bring together a diverse set of skills from multiple backgrounds. The leadership team provides guidance, support and strategic direction to our senior management while monitoring the implementation of approved policies as well as efficient working of functional areas. They are responsible for ensuring that the highest standards of corporate governance are developed, implemented, and adhered to so that we adapt to the ever-evolving regulatory landscape.

Our Independent Directors, out of which two are women, are highly recognized global leaders with extensive knowledge and core competencies. With managerial and technical expertise spanning across industries, our Independent Directors provide inputs on the operational plans of the company as well as address multifaceted financial issues. With an in-depth and holistic knowledge of the global and domestic pharmaceutical industry, our Directors consistently equip us with their advice and insights. To date, there is no conflict of interest between the Independent Directors and Lupin.

Board Performance Assessment
To ensure transparency within our company, an annual performance evaluation is undertaken to assess the performance of the Board, the Independent Directors as well as the board committee members. The evaluation is spearheaded by the Board after seeking inputs from all the Directors.
Key Aspects Covered
• Adequacy and composition of the Board
• Quality of deliberations
• Transparency and effectiveness procedures
• Observance of governance principles
• Contribution of the Board of Directors as well as the committee meetings
Evaluation of Independent Directors
Key Evaluation Criteria
• Leadership qualities and qualifications
• Responsibilities shouldered
• Analytical skills
• Technical knowledge
• Participation in long-term strategic planning
• Interpersonal relationships and attendance at meetings
Performance evaluation of Independent Directors is carried out Independently
Key Assessment Criteria
• Initiative
• Contributions
• Independent judgement
• Understanding the business environment and strategic issues
corporate governance