Governance
Governance philosophy
With a heritage spanning over 90 years in India, our corporate governance framework has evolved significantly over the decades. It is deeply rooted in our core values of Integrity, Respect, Responsibility, and Pioneering. Our values are the simplest statement of who we are. They govern everything we do.
Governance structure
Our governance structure is multi-tiered, comprising the Board of Directors, Board Committees, C E O & M D and the Management Committee.
Board of Directors
The Board's primary role is to ensure the long-term sustainable success of the Company for the mutual benefit of all the stakeholders.
Board Committees
The Board Committees play a crucial role in the Governance Structure and have been constituted to deal with specific areas that need a closer review.
Audit Committee
Nomination and Remuneration Committee
C S R - E S G Committee
Stakeholders' Relationship Committee
Risk Management Committee
CEO & MD and Management Committee
Our C E O & M D, supported by the Management Committee, is responsible for ensuring delivery of H U L's strategy, business plans and financial performance.
Board of Directors
(The Board composition as on 31st March 2026)
Management Committee
(Composition of the Management Committee as on 31st March 2026)
* In the current role
^Mr. Niranjan Gupta was appointed as the CFO-Designate and a Member of the Management Committee with effect from 1st September, 2025. He succeeded Mr. Ritesh Tiwari as the Executive Director, Finance and Chief Financial Officer with effect from 1st November, 2025.
Governance highlights
10 Board Meetings held in F Y 2025-26
3 out of 5 Board Committees comprise Independent Directors only
All 5 Board Committees chaired by Independent Directors
71 hours - total time invested by the Board / Committees in F Y 2025-26
- Independence (%) chart. Independent: 55.56%, Non-Independent: 44.44%.
- Diversity (%) chart. Male: 66.67%, Female: 33.33%.
- Tenure (%) chart. 0-2 years: 44.44%, 2-5 years: 44.44%, 5 years & above: 11.11%.
- Board Expertise chart. Leadership Expertise: 89%, Crafting Business Strategy: 100%, Emerging Markets & Consumer Insights: 100%, Financial Expertise & Risk Management: 67%, Operations & Business Management: 78%, Cyber Security, Digital & IT: 44%, Corporate Governance & Legal: 100%, Purposeful Business & E S G: 100%, People & Talent Development: 100%.
Board activities and key discussions during the year
The Board meets at regular intervals to discuss and decide on H U L’s business policy and strategy, as well as other matters. Board and Committee meetings are pre-scheduled, and a tentative annual calendar is circulated to the Directors at the beginning of the year. This allows them to plan their schedules and ensure meaningful participation in the meetings. During F Y 2025-26, in addition to the prescribed quarterly meetings, the Board of Directors met six times to consider and decide on matters of strategic importance.
100% participation rate at Board meetings
Insight into Board discussions
Key decisions taken during the year
Appointment of Priya Nair as Managing Director & Chief Executive Officer
Appointment of Niranjan Gupta as Executive Director, Finance & Chief Financial Officer
Appointment of Bobby Parikh as Independent Director
Acquisition of balance 49% stake in Zywie Ventures Private Limited
Divestment of minority stake in Nutritional lab Private Limited
Investment of ₹2,000 crores to expand manufacturing capacity in fast-growing premium categories across Beauty & Wellbeing and Home Care
Business Integrity & Compliance
We expect everyone at H U L to be an ambassador of our high ethical standards – what we call ‘Business Integrity.’ Behaving with integrity is part of who we are. We have strong values and clear policies and standards to ensure our employees not only do things right but also do the right thing.
Our Code of Business Principles are mandatory for all employees and others working with H U L.
Key pillars of our Code of Business Principles
During the year, comprehensive training programs were implemented to sensitise employees about our values, policies, and the ethical standards as set forth in the Code of Business Principles.
In 2025, 100% employees were trained on Code of Business Principles both through online and offline training modules.
To know more about the policies that guide our ethical behaviour, visit https://www.hul.co.in/investors/corporate-governance/policies/