See firstly when the shareholding gets dispersed and there is no single
dominant shareholder then the consequence is that the ownership gets
divorced from management.
So in our case the professional character … is facilitated by the dispersal in shareholding so that it has become a totally board managed company. Of course, that was not the case in the past. But over a period of time this is how it has evolved. Obviously, the professional management that runs this enterprise and is accountable to the board has to continue to perform and performance is the only basis through which you could continue to wield the power over the It is a function of leadership. It is a function of how this leadership nurtures values, how vitality is sustained in the organization. How it is revitalized periodically, it has got within itself, processes of self renewal. So, organizations have to reinvent themselves because change is continuous outside. And if an organization doesn't have the ability to remain relevant and contemporary (to meet) the needs of the society and the needs of the consumer and the needs of the investors, then the organization would not have the longevity a company like created has had. Basically, it is a function of how on values, vitality and a compelling vision… So how people are kept together is through a super-ordinate vision, and how people's own self interest gets aligned with that of the corporation and that of the society within which you function, so if the alignment is good, everybody else is motivated in the same direction. People will work as a team because the outcome is beneficial for everybody and everybody has an inherent need apart from fulfilling self-need to do something for others, for those who are disadvantaged, for serving a larger society, for serving the nation. So, in our case we have it in abundance. That's why we have had this objective of a triple bottom line objective… Even if you see our balance sheet when we say performance, performance does not finish with financial performance, we first give a financial performance, then we say ecological or environmental performance, then social performance. So we measure my company to contribution along the three dimensions.resources that are made available to you to create value.
So in our case the professional character … is facilitated by the dispersal in shareholding so that it has become a totally board managed company. Of course, that was not the case in the past. But over a period of time this is how it has evolved. Obviously, the professional management that runs this enterprise and is accountable to the board has to continue to perform and performance is the only basis through which you could continue to wield the power over the It is a function of leadership. It is a function of how this leadership nurtures values, how vitality is sustained in the organization. How it is revitalized periodically, it has got within itself, processes of self renewal. So, organizations have to reinvent themselves because change is continuous outside. And if an organization doesn't have the ability to remain relevant and contemporary (to meet) the needs of the society and the needs of the consumer and the needs of the investors, then the organization would not have the longevity a company like created has had. Basically, it is a function of how on values, vitality and a compelling vision… So how people are kept together is through a super-ordinate vision, and how people's own self interest gets aligned with that of the corporation and that of the society within which you function, so if the alignment is good, everybody else is motivated in the same direction. People will work as a team because the outcome is beneficial for everybody and everybody has an inherent need apart from fulfilling self-need to do something for others, for those who are disadvantaged, for serving a larger society, for serving the nation. So, in our case we have it in abundance. That's why we have had this objective of a triple bottom line objective… Even if you see our balance sheet when we say performance, performance does not finish with financial performance, we first give a financial performance, then we say ecological or environmental performance, then social performance. So we measure my company to contribution along the three dimensions.resources that are made available to you to create value.
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