HDFC Life, a leading life insurer in India, has been recognized as a ‘Next Leader’ in corporate governance by Institutional Investor Advisory Services (IiAS) as of December 31, 2024. This recognition is a testament to the company’s commitment to transparency, accountability, and exemplary governance practices. HDFC Life has been featured on this prestigious list for the fourth consecutive year, which is based on the annual assessment of the BSE 100 companies using the Indian Corporate Governance Scorecard framework.
The scorecard framework is developed jointly by IFC, BSE, and IiAS and is based on the G20/OECD Principles of Corporate Governance. It has been in use since 2015 and assesses companies on their corporate governance practices. HDFC Life’s recognition is a significant achievement, especially as the company enters its 25th year of operations. The company’s superior standards of corporate governance have been acknowledged, and it is seen as a leader in the industry.
According to Narendra Gangan, General Counsel, Chief Compliance Officer, and Company Secretary of HDFC Life, the company is committed to adhering to the highest standards of corporate governance. He stated that ensuring adherence to these standards is a way of life for HDFC Life and that the company endeavors to stay true to its commitment towards all aspects of Environment, Social, and Governance (ESG).
The recognition is a significant milestone for HDFC Life as it continues its journey of securing the lives of Indian citizens. The company is working towards achieving the industry’s collective goal of ‘Insurance for All by 2047’. HDFC Life’s commitment to corporate governance and ESG is reflected in its business practices, and this recognition is a testament to its efforts. Overall, HDFC Life’s recognition as a ‘Next Leader’ in corporate governance is a significant achievement that reflects the company’s commitment to transparency, accountability, and exemplary governance practices.