Annual Report 2011 - 2012 - United Breweries Limited

f) Training of Board Members:
Having regard to the seniority and expertise in their respective areas of specialization, their training is not considered
necessary for the time being.
g) Mechanism for evaluating Non-Executive Directors:
The Board may at its discretion consider such requirement in future.
Report on Corporate Governance (contd.)
h) Whistle Blower Policy:
Though covered briefly in the code of conduct adopted by the Company, the Board may consider adopting a
separate mechanism for Whistle Blower Policy in future.
COMPLIANCE WITH CODE OF BUSINESS CONDUCT AND ETHICS
In accordance with Clause 49 sub-clause (I) (D) (ii) of the Listing Agreement, it is hereby confirmed that during the
year 2011- 2012, all the members of the Board of Director and Senior Managerial personnel have affirmed their
Compliance with the Company’s Code of Business Conduct and Ethics.
Place: Bangalore
Date: June 08, 2012
Kalyan Ganguly
Managing Director
To the Members of
UNITED BREWERIES LIMITED
COMPLIANCE CERTIFICATE
Certificate of Compliance with the conditions of Corporate Governance
as stipulated under Clause 49 of the Listing Agreement
We have examined the compliance of conditions of Corporate Governance by United Breweries Limited for the year ended
on March 31, 2012, as stipulated in Clause 49 of the Listing Agreement of the said company with Stock Exchanges in
India.
The compliance of conditions of Corporate Governance is the responsibility of the management. Our examination was
limited to procedures and implementation thereof, adopted by the company for ensuring the compliance of the conditions of
Corporate Governance. It is neither an audit nor an expression of opinion on the financial statements of the company.
In our opinion and to the best of our information and according the explanations given to us, we certify that the company
has complied with the conditions of Corporate Governance as stipulated in the above mentioned Listing Agreement.
We state that in respect of investor grievances received during the year ended on March 31, 2012, no grievances are
pending against the company as per records maintained by the company and presented to the Shareholders’/Investors’
Grievance Committee.
We further state that such compliance is neither an assurance as to future viability of the company nor the efficiency or
effectiveness with which the management has conducted the affairs of the company.
Bangalore, June 08, 2012
M R Gopinath
Company Secretary (In practice)
Bangalore
FCS 3812 CP 1030
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