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PROCEDURES FOLLOWED IN THE DECISION-MAKING PROCESS, INCLUDING CHANNELS OF SUPERVISION AND ACCOUNTABILITY

The decision-making process in DMRC involves the following Channel

BOARD OF DIRECTORS

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MANAGING DIRECTOR

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FUNCTIONAL DIRECTORS

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EXECUTIVES


  • Overall management of DMRC rests with the Board of Directors, its highest decision making body.
  • DMRC being a 50-50 joint venture of the Government of India and the Government of National Capital Territory of Delhi, the Board of Directors of DMRC is accountable to the Government of India and the Government of National Capital Territory of Delhi.
  • As per the provisions of the Companies Act, 1956 certain matters require the approval of the shareholders of the Company in general meeting.
  • The primary role of the Board is that of trusteeship to protect and enhance shareholders’ value. The Board oversees the Company’s strategic direction, reviews corporate performance, authorizes and monitors strategic decision, ensures regulatory compliance and safeguards interests of shareholders. The Board ensures that the Company is managed in a manner that fulfils stakeholders aspirations and societal expectations.
  • The day-to-day management of the Company is entrusted with Managing Director who is supported by Functional Directors and other Officers and staff of the Company.
  • For effective discharge of his functions, the Board of Directors has delegated most of the powers to the Managing Director. The Managing Director, in turn, delegated specified power to Functional Directors/Officers subject to due control being retained by him and subject to such conditions which are consistent with the need of prompt, effective and efficient discharge of responsibilities entrusted to such a Director/Officer.
  • The Managing Director is accountable to the Board of Directors. Functional Directors are accountable to Managing Director. The Officers are accountable to concerned Functional Directors.
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