Corporate Governance at GMR is driven by a simple principle – ‘Achieve right results by right means’. The Group even transcends legal guidelines and attempts to venture into the hearts and minds of all its stakeholders in its steadfast approach.
Corporate Governance is a journey and not a destination. GMR continually works at improving it practices and processes as it spreads it’s presence through continents to touch more and more lives. ‘Balancing the interests of all its stakeholders,’ is the prevailing motto during this journey.
The seven core values, which is now deep rooted in the organisation, vibrate and resonate with the spirit of principles of corporate governance.
Entrepreneurial culture of the organisaton builds value adding business and enhances shareholders’ value.
Teamwork and Relationships bring in the synergy of human intelligence, contributing to organisation’s well being, openness and transparency.
Deliver the Promise puts in place the system of responsibility and accountability at every level.
Learning not only makes the organisation more agile and competitive, but also enhances the employees’ knowledge, competencies and net worth. This builds the employees’ career with increased rewards and enables him/her to deliver more value.
Social Responsibility ensures the organisation meets all legal and tax compliances and safeguards the interests of the society and environment. More importantly, it leads us to recognise the wants of the needy and mobilise the organisation’s resources for their redressal and upliftment.
Respect for Individual treats every shareholder, employee, vendor, customer, citizen and each stakeholder with sensitivity and respect.
Humility, above all, constantly keeps achievement-triggered-arrogance under check and empowers every employee to discharge his fiduciary duty with complete responsibility.
For its efforts in institutionalising rigorous processes in line with its values and beliefs, the Institute of Company Secretaries of India (ICSI) has selected GMR Group as one of the top 25 companies adopting good corporate governance practices and nominated GMR for its ICSI National Award for Excellence in Corporate Governance.
The award instituted in the year 2001, seeks to identify, foster and reward the culture of evolving globally acceptable standards of corporate governance among Indian companies. It is conferred annually on companies following the best corporate governance practices.
(Sourced from http://www.gmrgroup.in/corporate/Corporate_Governance_.html)