Larsen & Toubro (L&T) is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services. It was founded in 1938 and has over 119 subsidiaries. The company has a chairman and managing director along with 7 executive directors and 8 non-executive directors on its board. L&T adheres to high standards of corporate governance and has a strong focus on customer satisfaction, sustainability, and social responsibility.
Organizational Structure & Leadership Style in M/s Larsen & Toubro , ...Subhrajyoti Parida
A project report by a group of Management stundents of NITIE, Mumbai on Organizational Structure & Leadership Style in L&T \'s Aerospace SBU in Mumbai.
The recent case of IL&FS has stuck the corporate world hard especially infrastructure leasing and financing industry. The issues at hand are much deeper than what it appears. The presentation is an attempt to make people understand the case in a simple way.
Organizational Structure & Leadership Style in M/s Larsen & Toubro , ...Subhrajyoti Parida
A project report by a group of Management stundents of NITIE, Mumbai on Organizational Structure & Leadership Style in L&T \'s Aerospace SBU in Mumbai.
The recent case of IL&FS has stuck the corporate world hard especially infrastructure leasing and financing industry. The issues at hand are much deeper than what it appears. The presentation is an attempt to make people understand the case in a simple way.
Uk Corporate Governance: Enron to VW - It's Not About The Car 02 12 15 fv 30 ...John Walmsley
John Walmsley of JKW Law talks about the warning signs at VW, the UK Corporate Governance Code, its origins and recent changes and the likely impact of the scandal on VW and on UK corporate governance for boards, companies and shareholders.
Board Governance, Stakeholder Focus and Integrated Reporting James Deiotte
Lecture at Cleveland State on emerging markets board governance with a focus on stakeholder differences and different reporting requirements for such stakeholders and regulators.
The presentation is from Mr. Mark Victor , Director, Deloitte Consulting, South Africa, from the just concluded African Round Table & Conference on Corporate Sustainability and Responsibility (AR-CSR™), which held in Tinapa Business Resort, Calabar, Cross River State between 20 to 21 June, 2013. Organised by ThistlePraxis Consulting Limited
It covers the topics: corporate social responsibility, models of corporate governance, Board of Directors, Shareholders, Board Committees, Sustainable Development
The ICSA Isle of Man Corporate Governance Conference 2014, took place on 15 July, looks at how organisation can uphold ethical value within a competitive offshore environment.
Entrepreneurship 101: The Role of Boards, Advisory Panels, and Service ProvidersMaRS Discovery District
This presentation by lawyers from Heenan Blaikie LLP looks at the start-up and administration of a business through a corporation with a focus on the efficient use of professional service providers, the management of the corporation through a board of directors and the relationships among shareholders of the corporation.
Speakers: James McDermott and Andrea Safer, Heenan Blaikie
You can download an audio presentation by going to:
http://www.marsdd.com/portals/mars/events/videoarchive
http://www.marsdd.com/ent101
Click on the March 27, 2007 event.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
Andreas Schleicher presents at the OECD webinar ‘Digital devices in schools: detrimental distraction or secret to success?’ on 27 May 2024. The presentation was based on findings from PISA 2022 results and the webinar helped launch the PISA in Focus ‘Managing screen time: How to protect and equip students against distraction’ https://www.oecd-ilibrary.org/education/managing-screen-time_7c225af4-en and the OECD Education Policy Perspective ‘Students, digital devices and success’ can be found here - https://oe.cd/il/5yV
We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
2. COMPANY PROFILE
• L&T is a Technology, engineering, construction, manufacturing and technology conglomerate with
additional interests in electrical & automation, Information Technology and other diversified
businesses
• Started in 1938 by Danish engineers
• In 1946, Larsen & Toubro Private Limited was born.
• The L&T Board comprises a Chairman and Managing Director, Whole-time Directors and
independent External Directors. Mr A. M. Naik is the present chairman and managing director
• It has 119 subsidiary company under its parent company
Henning Holck-Larsen Soren Kristian Toubro
3. One chairman and
managing director
Seven executive
directors
Eight non-executive
directors
4. EXECUTIVE DIRECTORS
• Mr. A.M Naik - Executive chairman & Managing Director
• Mr. K. Venkataramanan - CEO & MD
• Mr. V. Kotwal - Whole time Director & President (Heavy Engineering)
• Mr. S.N. Subrahmanyan – Whole time Director & Sr. EVP (Infrastructure & construction)
• Mr. R. Shankar Raman – Whole time Director & Chief Financial Officer
• Mr. Shailendra Roy - Whole time Director & Sr. EVP (Power & Corporate Affairs)
5. NON – EXECUTIVE DIRECTORS
• Mr. S. Rajgopal
• Mr. S.N. Talwar
• Mr. M.M. Chitale
• Mr. N Mohan Raj
• Mr. A.K. Jain
• Mr. M. Damodaran
• Mr. Vikram Singh Mehta
• Mr. Sushobhan Sarker
6. L&T follows 5 – Tier corporate Governance
The Board has three committees - Audit, Nomination &
Compensation, Shareholders' Grievance Committee.
9. Larsen & Toubro Limited is a professionally managed Company, having its
own vision statement committed to total customer satisfaction and enhancing
stakeholders' value.
• Ensures compliance with the provisions of the revised Clause 49 of the Listing
Agreement with Stock Exchanges.
• The Senior Officers should adhere to and facilitate effective functioning of the
Company's mechanism for redressal of complaints of sexual harassment.
• Any amendment or waiver of any provision of the Code should be approved by the
Company's Board of Directors and disclosed on the Company's website.
• All Reports are rated A+ by Global Reporting Initiatives, indicating the highest level
of transparency.
10. • The Company‟s annual Sustainability Reports highlight achievements and
objectives across the traditional three „Ps‟ of Planet, People and Profits.
• The code propagates key environment-friendly and socially-responsible business
practices which include prevention of corruption, respect for human rights, water
conservation, waste reduction and OHS.
• L&T adhere to Section 299 of the Companies Act, 1956,which requires that every
Director of a company who is in any way concerned or interested in a contract or
arrangement, is required to disclose the nature of his concern or interest at a
meeting of the Board of Directors.
• Every Officer has to secure, preserve, safeguard and use discreetly, confidential
information in the best interest of the Company.
11.
12. • L&T has a strong, customer-focused approach, conformance to global HSE
standards.
• With over 55% of the workforce below the age of 30, L&T is a young engineering
conglomerate.
• L&T have a well-established customer feedback mechanism which enables us to
have regular interactions with our clients. Individual interactions, customer meets
and satisfaction surveys are channels to obtain stakeholder response.
• Products of L&T are labelled as per the relevant codes and various necessary
specifications.
• L&T ranked among the top 10 in a Best Companies to Work For listing published by
Business Today, India.
13. • L&T encourages employees to volunteer for CSR activities, resulting in a self-driven
approach while retaining consistency.
• Forbes rates L&T the 9th Most Innovative Company in the world.
• L&T imparts, totally free of cost, basic training in formwork, carpentry, masonry, bar-
bending, plumbing and sanitary, scaffold and electrical wireman trades to a wide
spectrum of the rural poor.
• Various subsidiaries under the L&T undertakes CSR activities across the globe in
which they are operating.
• It has formed a trust called “Prayas” to provide medical facilities to the economic
weaker section of the society.
14.
15. • L&T follow various corporate governance and audit policy such as United Nations
Global Compact Programme, US SEC's Blue Ribbon committee
• It has placed a separate Audit Policy board
• Approval of the appointment of the Chief Financial Officer (CFO)
• Reviewing the risk management mechanisms of the Company
• Looking into the reasons for substantial defaults in payments to
depositors, debenture holders, shareholders and creditors
• Reviewing of compliance with Listing Agreement
• Disclosure of contingent liabilities
16. • Recommending the appointment of the Statutory Auditors and fixation of their
remuneration
• Overseeing the Company's financial reporting process and disclosure of its
financial information
• The Company Secretary is the Secretary of the Audit policy committee.
• The Company has an internal corporate audit team consisting of Chartered
Accountants, Engineers & system experts.