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Corporate Governance

As the fourth largest private sector Bank, YES BANK is establishing the highest standards of Corporate Governance across the organisation. With an excellent Board of Directors and the institution of all recommended sub committees, the Bank is compliant with all the necessary statutory requirements.

YES BANK is ordained to set the highest standards of Corporate Governance right from its inception benchmarked with the best class practices across the globe. Effective Corporate Governance is the manifestation of professional beliefs and values, which configures the organizational values, credo and actions of its employees. Transparency and accountability are the fundamental principles to sound Corporate Governance, which ensure that the organization is managed and monitored in a responsible manner for 'creating and sharing value'.

YES BANK believes that there is a need to view Corporate Governance as more than just regulatory requirements as there exists a fundamental link with the organization of business, corporate responsibility and shareholder wealth maximization.

Therefore, YES BANK is articulating a multi-stakeholder model (including shareholder value) of accountability that will manage the symbolic relationship between the various stakeholders. This approach will be central to the day-to-day functioning of the Bank and in implementation of its business strategy.

Corporate Governance Initiatives at YES BANK

• The Composition of the Board of Directors of YES BANK is in compliance with the Banking Regulation Act, all RBI guidelines (including the Ganguly Committee recommendations), Companies Act, 2013, SEBI Listing Regulations and in accordance with best practices in Corporate Governance
• In compliance with the requirements of the Companies Act, 2013, Banking Regulation Act, 1949, RBI guidelines, SEBI Listing Regulations, 10 Board level sub-committees have been set up to ensure effective functioning of the Board.
• The Bank has implemented a Code of Conduct and Ethics for the Board of Directors and Senior Management.
• YES BANK has instituted a comprehensive code of conduct for prevention of insider trading in accordance with the requirements of SEBI (Prohibition of Insider Trading) Regulations, 2015.
• The Bank has formulated a Whistle Blower Policy in line with the best international governance practices.
• Familiarisation Programmes for Directors

Postal Ballot

• Postal Ballot Notice 2021 – Newspaper Advertisement
• Postal Ballot Notice 2021
• Newspaper Notice
• Postal Ballot Notice 2020
• Newspaper Notice
• Postal Ballot Notice 2017
• Postal Ballot Form 2017
• Postal Ballot Results
• Postal Ballot Notice 2016
• Postal Ballot Form 2016
• Newspaper Notice
• Postal Ballot Form
• Postal Ballot Notice
• Postal Ballot Result
• Scrutinizer's Report

Extraordinary General Meeting

• ​Notice of Extraordinary General Meeting of YES BANK Limited

• Remote e-voting procedure for Extraordinary General Meeting

MOA and AOA of YES Bank Limited

• MOA and AOA of the Bank

Policies

• Board Remuneration Policy and Compensation Policy for KMPs and Senior Management
• Archival Policy
• Dividend Policy  
• Policy on reporting of Material Events
• Code of Practices and procedures for Disclosure of Unpublished Price Sensitive Information
• Code of Conduct for Directors and Senior Management
• Policies for Determining Material subsidiaries
• Policy on Dealing with Related Party Transactions
• Corporate Social Responsibility
• Policy for Appointment of Statutory Auditors

Managerial Personnel authorized for determining materiality of an event under Reg. 30(5) of SEBI Listing Regulations

Independent Directors

• The reconstitution of the Bank’s Board was undertaken as part of the “YBL Reconstruction Scheme” by the Reserve Bank of India in consultation with the Central Government of India

• The Board consists of Four Directors appointed under the Scheme, two Directors appointed by the Reserve Bank of India as Additional Directors and two Directors appointed as Nominee Directors by the State Bank of India

• The Board consists of three Directors appointed by the Government of India

• The Government appointed Directors fulfill criteria provided in the definition of “Independent Director” as per SEBI LODR Regulations and the Companies Act, 2013, though they are not appointed by the Shareholders

• None of the Directors have ownership or controlling stake in the Bank. All Directors are covered under non-promoter category only

• Familiarisation Programmes for Directors

• General Terms & Condition of Appointment of Independent Directors

Annual Return

• MGT-9 (Extract of Annual Return as on the financial year ended March 31, 2019)