OCCL And Governance
At OCCL, we believe that an organisation managed around defined timeless values creates a basis for long-term relevance and endurance. We believe that mere enunciation is not enough; these values need to be lived perpetually so that the commitment to governance strengthens our business sustainability.
In a number of areas, we have extended beyond the regulation-mandated governance requirements of the day towards a more demanding standard. At OCCL,
We strengthened our governance before the curve. We strengthened our Board composition towards a fair balance of Independent Directors comprising established professionals and achievers.
We invested in business automation with the objective to strengthen our process-orientation and operational consistency that minimised the role for arbitrary human interventions in decision-making.We invested in cutting-edge technologies that enhanced our operational efficiency and strengthened a hedge against technology obsolescence.
We reduce the variables in our business through the extensive use of standard operating protocols that make it possible to deliver a consistently high product standard.
We focused on enhancing stakeholder value as the principal objective of the business.
We invested the business with rigorous accounting standards and conservative interpretations of accounting treatments as a result of which the Balance Sheet consistently provides a true and fair picture of the company’s profits, profitability and cash reserves.
Competitive: OCCL re-invested accruals in capacity expansion and utilized the prevailing infrastructure to expand at a relatively low capital cost per tonne, making the Company one of the most competitive global manufacturers.