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| About us >> Corporate Governance |
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| Corporate Governance |
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"Corporate Governance" is a system of checks and balances between the board, management and investors that should produce an efficiently functioning corporation, ideally geared to produce long-term value. All corporate governance systems throughout the world are the product of a series of legal, regulatory and best practice elements.
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Corporate governance has gone from something "nice to do" to "please a few investors" to an essential component of a company's valuation and risk assessment process. |
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Mindlogicx Infotech Limited moves to the next level of corporate identity by adapting to smart governance in all its operations. The growth of the organization depends on its financial success, value proposition it can build for the stakeholders and the confidence it enjoys with its financial partners.
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The pace of movement of financial capital has become greater because of the pervasive impact of information technology and the world having become a global village. When investments take place in emerging markets, the investors want to be sure that their investment is safe, properly utilized and RoI is ensured. They also want to ensure that the organization in which they invest has a set of rules, guidelines and ethical practices framed as rules for a good corporate governance. Corporate governance represents the value framework, the ethical framework and the moral framework under which business decisions are taken. In other words, the investors want to be sure that not only is their capital handled effectively and adds to the creation of wealth, but the business decisions are also taken in a manner which is not illegal or involving moral hazard. |
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| Corporate Governance therefore calls for three factors: |
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Accountability |
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Safeguarding the interests of the stakeholders and the investors |
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Transparency in decision-making |
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Implementation of corporate governance depends upon laying down explicit codes, which enterprises and the organizations are supposed to observe. The codes, however, can only be a guideline. |
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Ultimately effective corporate governance depends on the commitment of the people in the organization. Corporate governance depends upon two factors. The first is the commitment of the management for the principle of integrity and transparency in business operations. The second is the legal and the administrative framework created by the government. |
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We at Mindlogicx believe, corporate governance is the net result of the individual sense of values, the values held in society or part of a society like professional bodies or business associations and finally the system of public governance. Keeping these factors in mind, Mindlogicx has framed a set of rules for the senior management to enable them to observe corporate governance in true spirit. A corporate manual has been put to use as a reference document for all the senior executives. |
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Under corporate governance initiatives, Mindlogicx has taken up various measures that provide tangible value to the enterprise over a period of time. Some of the measures that have been taken up by Mindlogicx are practices followed by most global enterprises. |
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| Occupational Health Safety |
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Occupational health safety is a cross-disciplinary area concerned with protecting the safety, health and welfare of people engaged in employment. |
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Since 1950, the International Labour Organization (ILO) and the World Health Organization (WHO) have shared a common definition of occupational health. It was adopted by the joint ILO/WHO committee on occupational Health at its first session in 1950 and revised at its twelfth session in 1995. The definition reads: "occupational health should aim at: the promotion and maintenance of the highest degree of physical, mental and social well-being of workers in all occupations; the prevention amongst workers of departures from health caused by their working conditions; the protection of workers in their employment from risks resulting from factors adverse to health; the placing and maintenance of the worker in an occupational environment adapted to his physiological and psychological capabilities and to summarize, the adaptation of work to man and of each man to his job." |
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Mindlogicx Infotech Limited follows international standards in protecting the security and welfare of the employees while at work and even when they are away from work. A well defined policy of guidelines have been made available to all staff with definite clauses such as Do’s and Don’ts. Regular in house training programmes are provided by the HR every year on occupational safety, health hazards and fire safety etc., Mock drills are also conducted for evacuation of people in case of emergency by trained facility management professionals. |
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| Environment Management |
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Mindlogicx practices the best management polices for environment protection by strictly enforcing disciplines in the internal system which includes making the entire corporate office a green campus. No garbage dumping, no E-waste, no pollution and no wastage of precious water. The company practices ground water harvesting as a part of environment management, a system very rarely followed. The top management encourages every Mindlogicxian to plant a sapling in a year, name it after their loved ones, adopt it and nourish it on continual basis. So when you enter Techllano, you may be greeted by the trees with names of people. Don’t get amused. |
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Our environmental policy includes the following: |
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We will comply with applicable legal and statutory requirements for environment management and conduct regular audits to ensure compliance. |
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We will apply sound environmental management practices where ever applicable. |
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We will consider potential environmental threats as an ongoing process and take the required corrective actions, if any. |
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We will encourage conservation of natural resources by utilizing products made out of recycling and ensure pollution control for cleaner air and water for the mankind. |
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We will establish standard practices for environmental management and conduct regular audit for monitoring the performance metrics and use them to set goals for continual improvement of the processes set. |
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We will include the environment management policy in our annual plan and review the same in every annual general meeting of share holders and update them when ever needed. |
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The management of Mindlogicx takes it as their responsibility to effectively communicate with employees to understand the policy as individuals and team members for compliance and implementation throughout the organization worldwide. All employees are encouraged to imbibe this policy in their value system and apply the same in their day to day activities, both within and outside the work place. |
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For further information on the same, please contact us at info@mindlogicx.com |
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