Human Rights: Significant Investments
Prohibiting Child Labour and Preventing Forced Labour at Work Place
During 2010-11 no incidents of child or forced labour were reported either to the concerned Units or statutory authorities.
Governance Bodies and Diversity
 Our approach to management of the human resource is premised on the fundamental belief of fostering meritocracy in the organisation, promoting diversity and offering equality of opportunity to all employees. We do not engage in or support direct or indirect discrimination in recruitment, compensation, access to training, promotion, termination or retirement based on caste, religion, disability, gender, age, race, colour, ancestry, marital status or affiliation with a political, religious, union organisation or minority group.
The Board of Directors at the apex, as trustees of shareholders and responsible for the strategic supervision of the Company, consists of 4 Executive Directors (including the Chairman) and 12 Non- Executive Directors as on March 31, 2011. The Non-Executive Directors come from different fields with experience in business/finance/law/public enterprises thereby ensuring multi-dimensional perspectives in setting the strategic agenda.
The strategic management of the Company rests with the Corporate Management Committee comprising Executive Directors and six members drawn from senior management representing diverse functions.
The executive management of each Business is vested with the Divisional Management Committee (DMC), headed by the Divisional Chief Executive. The DMC draws resources from different functions. Each DMC is responsible for and focussed on the management of its assigned Business.
Equal Remuneration
| Our approach to human resource is premised on the fundamental belief of fostering meritocracy in the organisation, promoting diversity and offering equality of opportunity to all employees. |
Our compensation philosophy does not differentiate on gender, caste or age. It is linked to responsibility levels and based on performance. We also ensure compliance with the Equal Remuneration Act which mandates every employer to pay equal remuneration to men and women employees for the same work or work of similar nature. |
