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Sustainability Report 2024
Remuneration Policy
The Nomination and Remuneration Policy of Crisil lays
down detailed guidelines for the remuneration of the Board,
Managing Director, Senior Management and employees, and
covers fixed and variable components. Long-term incentives
are envisaged for the Management and key talent to bind
their performance to the Company’s long-term sustainability.
These are in the form of Employee Stock Option Scheme
(ESOS) with staggered vesting and/or performance-linked
long-term incentive plan, with payouts in multiple tranches
linked to the Company’s performance. The annual variable
pay approach links to business, financial and non-financial
sustainability goals through the balance scorecard model
by linking individual performance to the Company’s
achievements, particularly with respect to environmental
measures and overall human capital governance.
For more detailed disclosures on the remuneration of
the Board and CEO compensation, please refer to the
‘Remuneration Policy’ section of the Corporate Governance
report forming a part of our Annual Report.
Refer to Corporate Governance Report section in Crisil Annual
Report 2024
Taxation Policy
Crisil’s Taxation Policy seeks to define the Company’s ethos
and commitment to uphold complete transparency with tax
authorities in both letter and spirit.
Read Crisil’s Taxation policy
More details on Crisil’s Corporate Governance framework are
available in the Corporate Governance Report section of the
Annual Report.
Refer to Corporate Governance Report section in Crisil Annual
Report 2024
Related Party Transactions
The Related Party Transaction Policy was adopted by Crisil
to outline the processes for identifying and approving
transactions involving related parties. Transactions with
related parties are disclosed in our Annual report. They are
disclosed to the stock exchanges on a half-yearly basis, and
the information is also available on our website.
Read Crisil’s Annual Report 2024
Visit Crisil website for more details on related party transactions
Crisil is majority owned by S&P Global Inc. We have been
S&P’s trusted partner and have been providing support
services to S&P entities since 2003 (i.e., prior to becoming a
subsidiary of S&P). Shareholder approval for the analytical
support provided by Crisil was received in December 2014
and once again reconfirmed in February 2024. These
transactions were approved by the minority shareholders,
without participation of S&P. Services provided by Crisil
are at arm’s-length pricing and in the ordinary course of
business.
Read Crisil’s Related Party Transaction Policy
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