"He who moves not forward, goes backward” - thats the axiom in which MNR firmly believes in it, the one principle which is the underlying factor for the very sustainabilty of growth in the company. SUSTAINABLE GROWTH AND MOVEMENT marks the principles of corporate governance of the company. The torch bearers of the company believes that "Growth means change and change involves risk, stepping from the known to the unknown" - but still moving forward is important to grow in any sector.

MNR is in the forefront of implementation of Corporate Governance best practices.

The Corporate Governance at MNR is based on the following main principles :

Constitute a board of directors comprising members of varied expertise able to take charge in different managerial affairs and disharge all its responsiblities and duties.

 

Make available to and share with fellow Directors and members of senior management information as may be appropriate to ensure proper conduct and sound operation of the Company and its Board of Directors.

 

Ensuring that the company's financial report is independently verified as also safeguarding the integrity of the same.

 

Enrolling a sound system of risk management and internal control.

 

Ensuring that all the stakeholders of the company are timely and equally aware of all material information concerning the Company.

 

Ensuring the principles of equity, fairness, transparency, spirit of law and honest communication within the company.

 

Ensure the security of all confidential information, such as, technologies, processes, patents, know how, designs and ensure compliance with all the applicable rules and regulations.

 

Encourage the professional development of the employees of the Company and provide them all necessary assistance and cooperation for the same.

 

Ensure that fair and equal treatment is met with all the stakeholders of the company including employees, customers, shareholders and investors.