Corporate governance is an ethically driven business process that is committed to values
aimed at enhancing an
organization’s wealth-generating capacity. This is ensured by taking ethical business
decisions and conducting business
with a firm commitment to values while meeting stakeholders’ expectations. At Ostwal Group
of Industries (OGI), it is
imperative that our group affairs are managed in a fair and transparent manner. This is
vital to gain and retain the
trust of our stakeholders.
Corporate Governance Philosophy
We drive our corporate governance with an aim towards sustainable growth in shareholders’
value besides ensuring
fairness and transparency to all stakeholders: employees, business partners, investors,
government, and society in
adherence to government guidelines on corporate governance.
We are committed to defining, following, and practicing the highest level of corporate
governance across all our
business functions. Our corporate governance is a reflects of our value system encompassing
our culture, policies, and
relationships with our stakeholders. Integrity and transparency are key to our corporate
governance practices,
performance and ensure that we always gain and retain the trust of our stakeholders.
Corporate Governance Policies
Our corporate governance framework ensures effective engagement with our stakeholders and
helps us evolve with changing
times. We believe that an active, well-informed, and independent board is key to the highest
standards of corporate
governance. At OGI, the Board of Directors is at the core of our corporate governance
practice and oversees how the
Management serves and protects the long-term interests of our stakeholders.
Corporate Social Responsibility
The Group’s commitment for excellence in Health Safety and Environment are embedded in our
core values. The Group has a
Stringent policy for the safety of persons which overrides all production targets, drives
all employees to continuously
strives for safety management for the resources like people, property, environment, and the
communities where we
operate. The group is aware of the environmental impacts of its operations, and it
continuously strives to reduce the
impacts. Groups aim to develop techno economically viable and environment-friendly products
and services for the benefit
of its consumers, while at the same time ensuring the highest standards of safety and
environment protection in our
operations.