At GPL, we believe that as we move towards achieving our growth targets, our Corporate Governance processes must adhere to the globally benchmarked standards. Corporate Governance is an integral element of the Company’s value system, management ethos and business practices. Our Corporate Governance practices are driven by:
- strong Board oversight
- timely disclosures
- transparent accounting policies and
- high levels of integrity in decision making.
The Company believes that the governance process should ensure that the resources employed must be utilized optimally so as to meet the stakeholders’ aspirations and expectations. This is demonstrated in improving shareholder returns and performance focused work environment. Our customers have benefited from the high quality products made available to them at reasonable prices. Our employee satisfaction is reflected in the stability of our senior management and substantially high productivity.
The Company is committed to contribute to the “Triple Bottom Line” i.e. ensuring the conduct of business around social, environmental and economic concerns and this is apparently reflected in the Company’s area of business.
GPL’s governance philosophy revolves around:
- trusteeship
- transparency
- control
- accountability
- ethical business conduct
The practice of each of these enables the management to direct and control the affairs of the company in an efficient manner and in creating the right corporate culture towards emerging as a socially responsible Corporate citizen.
|