Arohan Financial Services Limited | Annual Report 2022-23

| 90 Annual Report | 2022-2023 Annexures to Director’s Report Governance Structure Arohan’s Corporate Governance structure, systems and processes are based on two core principles, viz., (a) management must have the executive freedom to drive the enterprise forward without undue restraints, and (b) this freedom of management should be exercised within a framework of effective accountability. Apart from the shareholders of the Company, the following governance level is followed in Arohan: At the apex level, the general body of shareholders of the Company shall elect the Board of Directors at the Annual General Meeting and the Board appoints the Managing Director and Chief Executive Officer of the Company, who in turn appoints the various other management executives of the Company.