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Governance

FACE’s governance operates in alignment with the RBI’s SRO-FT framework, the Companies Act, and its constitutional documents, including the Memorandum and Articles of Association.

Face Governance

FACE follows a two-tier governance structure comprising the General Body and the Board of Directors.

General Body

General Body

The General Body consists of all members and serves as the highest decision-making authority of FACE. It is responsible for safeguarding the vision, purpose, and institutional direction of the organisation.

The General Body is the custodian of the Articles of Association (AoA), which define the rules governing FACE’s functioning. It exercises oversight on key matters, including:

  • Board composition

  • Amendments to governing documents

  • Strategic direction

  • Approval of financials

Board

Board

The Board of Directors is responsible for the management, strategic oversight, and governance of FACE’s operations. It ensures that the organisation functions in line with its mandate as an SRO-FT.

The Board comprises a mix of Independent Directors and Member Directors, ensuring both sectoral representation and institutional independence.

  • Member Directors are elected by the General Body

  • Independent Directors are appointed to bring external expertise, governance rigour, and neutrality

The Board meets regularly to review performance, guide strategy, and oversee key areas and organisational development.

Board of Directors

Board Committees

Audit, Finance & Remuneration Committee

  • Oversees financial management, audit, compliance, and remuneration practices, ensuring transparency and disciplined use of resources

Members: Ashish Goyal, Avtar Monga, Srinath Sridharan, Vineet Sukumar

FACE Policies

FACE has established a comprehensive set of policies and frameworks aligned with the SRO-FT framework and designed to ensure transparency, consistency, and accountability across FACE’s activities.