Stakeholder engagement is a part of Mega Lifesciences’ policies, processes, procedures and reporting. It is embedded in the Business Ethics and Code of Conduct. Stakeholder engagement manifests in various forms

Shareholders, Analysts and Financial Institutions

Expectations
  • Product Management & responsibility
  • ESG standards
  • Legal compliance
  • Continuity supply chain management
Engagement
  • Annual General Meetings
  • Quarterly Financial Statements
  • Annual Report
  • Earnings Calls
  • Roadshows
  • Questions and Answers
  • Complaints
  • Factory Visits
Results
  • Sustainable Return on Investment
  • Long term sustainable strategy
  • Good Governance

Customers

Expectations
  • Responsible business practices
  • Synergies / collaboration
Engagement
  • Regular visits
  • Knowledge building programs through keynote speakers and other programs
  • Training and Development
Results
  • Good Quality Products and Services
  • Consumer education
  • Consumer feedback and reporting related training

Suppliers

Expectations
  • Responsible Supply Chain
  • Fair business partnership
  • Synergies / collaboration
Engagement
  • Regular meetings
  • Supplier Code
  • Supplier audits
Results
  • Fair relationships
  • Long terms

Employees

Expectations
  • Fair work environment
  • Decent workplace
  • Responsible business practices
Engagement
  • Newsletters (Mega Views News)
  • Minds we Share meets
  • Annual Trips / picnics
  • Appraisal meetings
Results
  • Good remuneration
  • Decent working conditions
  • Career path, security, benefits and training.

Society

Expectations
  • Responsible business practices
  • ESG compliance
  • Responsible Product management
Engagement
  • Regular Involvement with communities
Results
  • Long term community and social development

Government / Regulators

Expectations
  • Regulatory compliance
  • Payment of taxes
  • Responsible business practices
Engagement
  • Filing reports and returns
  • Responding to directives, queries, etc
Results
  • Payment of taxes
  • Compliance with laws