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Author: Karuna

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Transparency & Financials

The Alliance is committed to the highest standards of financial transparency and governance.

Accounting and statutory compliance are managed by a reputed professional firm
Statutory audit is conducted by a separate, independent professional firm
Audited financial statements and key governance disclosures are published on this website in accordance with applicable legal requirements

Financial statements and annual reports will be published here as applicable.

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Safeguards & Compliance

Grievance Redressal

The Alliance operates a formal grievance redressal mechanism overseen by an Ombudsman designated by the Governing Council. Where a grievance relates to the Governing Council itself
or the Chairperson, an independent external Ombudsman is appointed for that matter.

Competition and Antitrust Compliance

The Alliance is committed to full compliance with Indian competition and antitrust laws, including the Competition Act, 2002.

The Alliance functions strictly as a pre-competitive, non-commercial collaboration platform. A
Competition Compliance Policy, approved by the Governing Council, applies to all members, participants, advisors, and Secretariat staff.
Key safeguards include:

A competition law compliance statement at the start of all meetings and working group
sessions
Pre-circulated agendas and prior notice for all sessions
Secretariat authority to intervene or redirect discussions that raise compliance concerns
Clear and accurate minutes of all sessions

Prohibited discussions include pricing strategies, production volumes, bidding strategies, commercially sensitive cost structures, and any coordination that may influence competitive market behaviour. Members that are listed entities are responsible for ensuring compliance with applicable securities laws and insider trading obligations.

All members retain complete independence in their commercial, sourcing, procurement, and investment decisions.

Confidentiality

Unless explicitly designated as public, all discussions and deliberations within Alliance meetings and working groups are treated as confidential, subject to Chatham House-style norms.
Members may use insights for internal learning but may not attribute statements to other members without prior consent

Contact

+91 77381 88899
sonal@karunaethicsalliance.org

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KEA 2026