2003-2004 - Cgglobal.com

Report on
Corporate Governance
1. Company’s Philosophy on Corporate Governance
Your Company continues to manage its business affairs with integrity,
openness and accountability to the best possible advantage of its shareholders,
whilst simultaneously balancing the interests of its other stakeholders.
As a reinforcement of this commitment, and as a formal expression thereof,
the Company:
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has already codified a ‘Rules of Procedure for Management’, which
documents the decision-making levels with respect to areas of importance
in the Company’s day-to-day operations.
is in an advanced stage of finalising a ‘CG Values’ document, which
enshrines the five CG Values of Performance Excellence, Leading Edge
Knowledge, Nurturance, Customer Orientation and Intellectual Honesty.
Every CG employee is expected to practice with sincerity and consistency, the
principles contained in these two documents, as his/her contribution towards
the Company’s journey of good governance.
The Company’s systems are constantly reviewed and enhanced for greater
control, reliability and integration, better product and service quality, cost
efficiencies and information transparency. These endeavours are expected to
lead to higher operational efficiencies and optimise shareholder value in the
long term.
2. Board of Directors
As on 31st March, 2004, the Board of Directors comprised the Managing
Director and six Non-Executive Directors.
During the year, five Board Meetings were held, on 22nd April, 2003; 22nd
May, 2003; 22nd July, 2003; 28th October, 2003 and 27th January, 2004. The
Company’s last Annual General Meeting was held on 22nd July, 2003.
The particulars of Directors, their attendance during the financial year 2003-04
and also other Directorships (including Private Limited Companies, but excluding
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