Corporate Governance

All Life Group Organisations implement Corporate Governance System Standard, copy of which can be downloaded from www.lifeforeveryone.com/lcgc. 

According to Standard, Corporate Governance as an Integrated framework whereby people formally organise themselves for a defined purpose, and apply critical processes consistently to achieve predicted performance for sustainable development.

People: Equity, Ethics & Relationships

All stakeholders are human beings and their association with the organisation can only be ensured by practising equity, ethics and relationships. Sustainability of organisation requires active participation of all stakeholders and not investors alone.

Corporate Governance System Standard covers policy guidelines on equitable treatment of stakeholders, national interest, integrity, propriety and independence, disclosure and transparency, fair trade practices, respect for competition, anti-corruption practices, curbing money laundering, intellectual property, counterfeiting, closure notice, stakeholder engagement, cultural respect, conflict of interest, dispute resolution, preventing harassment and confidentiality.

The updated policies and procedures are being hosted on Life Group Ethics Website www.lifeforeveryone.com/ethics.

Purpose: Vision, Mission & Policies

A ship without a destination can land up at any port. Similarly an organisation without a purpose keeps on changing its product portfolio and also its people, infrastructure and processes. Due to lack of consistency in objectives it is never able to make it a big sustainable organisation.

Having a long term purpose enables organisation to define a clear roadmap, predict performance, performance metrics and bring consistency in business processes to achieve the predicted performance leading to development of people.

Our vision, mission and significant policies are given on relevant sections of our website of which you can get certified copies.

We donot deal in certain socially harmful products for which negative list is given on our Ethics Website. 

Process: Management, Compliance & Innovation Processes

Consistency in application of business processes makes life easy for people in whole supply chain, thus avoiding surprise results. Luck is the first, and innovation is the second thing that can make fortunes. Law acts as a balancing agent in situation of conflict of interest and ensures socio-economic balance. Legal non-compliance is a risk factor. However with a well defined legal compliance process, things can be easier.

All Life Group entities are formally registered with appropriate authorities. Board of Directors are responsible for policy formulation and strategic matters, whereas entire administration is is looked after by professionals like company secretaries, engineers and management graduates.

In order to separate investor and executive functions promoters are appointing professional directors on boards of Life Group Companies and Division of Life Development Foundation.

All processes are are consistently applied in accordance with Corpoate Governance System Standard and our flagship product Enterprise Management Solution is based upon the Standard itself. See Enterprise Management Solution Website www.lifeforeveryone.com/ems.

Performance: Efficiency & Growth 

Performance in term of improved efficiency and growth in income, size, product range and geography enables an organisation serve maximum number of people, enhance its competitiveness and ensure sustainability.

When an organisation performs everyone associated with the organisation grows. Investors get good dividends and capital appreciation, employees get salary hikes, lenders and suppliers get timely payment, customers get good products at lower prices, society gets improved quality of life and government gets increased taxes which in turn are invested into socio-economic development and security. Hence, as long as an organisation is performing, it will sustain.

We have been involved in research and development throughout initial years and now launching some innovative products at very low cost. Some products offered at a price less than 1/100th of international players.

We have widest product range on the offering across many major cities in India.

This efficiency and growth is achieved by implementation of corporate governance system standard, enterprise management solution and latest industry practices.