IETS Company strongly believes in implementing good corporate governance policies-those that foster, integrity, transparency and accountability for meeting shareholders’ and stakeholders’ expectations. In its pursuit of creating and adhering to a corporate culture of conscience and consciousness IETS has an Audit Committee and a Compensation Committee already functional in the company. Audit Committee: The Audit Committee of the Board deals with accounting policies and commercial matters, financial reporting and internal control systems, appointment of external auditors and their remuneration, adequacy of internal audit function. Compensation Committee: The role of the Compensation Committee is to review and approve the Employee Compensation Structure including the remuneration paid to the Managerial Personnel, Performance Related Pay, taking into account the financial position of the Company, trend in the industry, qualification and performance of the concerned managerial person and other matters as may be decided by the Board from time to time.