Page 26 - CRISIL ESG Report 2023

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 or performance-linked deferred cash 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, inclusion and diversity matters, 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 available at https://www.crisil.com/en/home/investors/financial- information/annual-report.html
Taxation Policy
CRISIL’s Taxation Policy seeks to outline the Company’s approach towards matters relating to tax compliance and management.
Read our Taxation Policy
More details on CRISIL’s Corporate Governance framework are available in the Corporate Governance Report section of the Annual Report.
Business ethics, transparency and accountability
CRISIL values
Integrity Excellence Accountability Teamwork Respect
CRISIL’s Code of Ethics
CRISIL holds its employees accountable to the highest standards of ethical conduct and transparency in business practices.
CRISIL’s Code of Ethics outlines a set of expectations and standards in terms of ethical conduct, which we expect each of our employees to adhere to. These standards are comprehensive and cover areas such as conflict of interest, gift, favours, personal trading, equal opportunity, confidentiality, and information security.
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Annual affirmation of the code, along with periodic training sessions on topical issues such as personal trading, confidentiality and privacy, reinforces expected employee behaviours. This is supplemented by regular communication on regulatory developments and business norms, and learnings from internal disciplinary actions. We conduct special drives throughout the year for raising awareness on compliance policies through mailers, online interactions, and Q&A sessions with employees.
Read our Code of Ethics Read our Gift Policy
Corporate governance