Stakeholder Engagement
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