The procedure followed in the decision-making process, including channels of supervision and accountability.
- BOARD OF DIRECTORS
- FUNCTIONAL DIRECTOR
Overall management of the Company is vested with the Board of Directors of the Company. The Board of Directors is the highest decision making body within the Company.
As per the provisions of the Companies Act, 1956 certain matters require the approval of the shareholders of the Company in General Meeting.
The Board of Directors is accountable to the shareholders of the Company, which is the ultimate authority of a Company. SAIL being a Public Sector Enterprise (PSE), the Board of Directors of the Company is also accountable to the major shareholder i.e. the Government of India.
The day-to-day management of the Company is entrusted on the Chairman and the Functional Directors and other Officers of the Company. The Board of Directors has delegated powers to the Chairman, Functional Directors, who have in turn delegate powers to the Executives of the Company through Delegation of Powers.
The Chairman, Functional Directors and other Executives are accountable to Board of Directors for proper discharge of their duties & responsibilities.
The powers, which are not delegated are exercised by the Board of Directors subject to the restrictions and provisions of the Companies Act, 1956.