Thermax adheres to high standards of corporate governance. Through its corporate governance measures, the company aims to maintain transparency in its financial reporting and keep all its stakeholders informed about policies, performance and development. Stakeholder confidence is sustained by adopting and continuing good practices, which is at the heart of effective corporate governance.
The key elements in the company's corporate governance practice are transparency, disclosure, supervision and internal controls, risk management, internal and external communications and high standards of safety, accounting fidelity, product and service quality. The company's board has empowered responsible persons to implement its policies and guidelines and has set up adequate review processes.
Thermax is a Public Limited Company. Its equity shares are listed on two stock exchanges – The National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE).