Prabhu Cablecar and Tourism limited is guided by the system of rules, practices, and processes by which the company is governed, directed, controlled, and managed. Effective corporate governance is essential to ensure that the company operates in a transparent and ethical manner, and that it meets the expectations of stakeholders, including shareholders, customers, employees, and the broader community.
- Accountability and transparency: The board of directors and senior management of Prabhu Cablecar and Tourism limited are accountable to shareholders and other stakeholders for their actions, decisions, and performance. They are operating in a transparent manner, providing regular and timely disclosure of relevant information.
- Strategic direction and performance: The BOD and company management team have set the strategic direction of the company and monitor its performance against established goals and objectives. They have ensured that the company operates in a financially sustainable manner(following the financial rules and regulation, Taxes and government deals, Banking issues and corporate law) and creates long-term value for shareholders.
- Risk management: Prabhu Cablecar and Tourism limited operates in a complex and dynamic environment, and face a range of risks, including operational, financial, legal, and risks about reputation. The company has identified and manage these risks effectively to protect the interests of shareholders and other stakeholders.
- Share holder engagement: Prabhu Cablecar and Tourism limited has engaged with their share holders in a meaningful and constructive manner, taking into account their interests and concerns. This includes other stakeholders(employees, customers, suppliers, regulators) and the broader community.
- Ethical behavior and social responsibility: Prabhu Cablecar and Tourism limited works in an ethically and socially responsible manner(works for community economic growth, Social awareness, Local engagement, creates local employments), following the human rights, labor standards, and the environment. The Company had ensured that the company complies with applicable laws and regulations, and adopts best practices in corporate social responsibility.
By promoting accountability, transparency, strategic direction, risk management, share holders engagement, ethical behavior, and social responsibility, corporate governance helps to build trust and confidence among stakeholders, and to create long-term value for shareholders.
