Procedure followed in the decision making process including channels of supervision and accountability
SAIL has a vision. In tune with the vision of SAIL, IISCO Steel Plant is focused on becoming a world-class producer of iron & steel products as well as leader in the Indian steel business. Quality, Productivity, Profitability and Customer Satisfaction forms the basis for policy formulation and decision making in IISCO Steel Plant.
Being a commercial organization functioning in a fiercely competitive environment, the speed of decision-making is very important for survival of the organisation. Though the company has well defined systems with respect to decision-making process, it cannot follow, at all time, the rigidity of system. Efforts are made so that files pass through minimum levels say 3 levels up to the approving authority. As per the general practices in vogue, the proposals requiring decisions are initiated at the appropriate level of the executives, depending upon the nature with regard to financial implication, urgency and importance of the matter. Normally, the proposals are initiated at the level of Assistant Manager / Deputy Manager / Manager. In between, the proposal is also examined at the level of Senior Manager/Asstt. General Manager. The approval is accorded by the executives at the level of DGM / GM / ED / CEO, depending upon the Delegation of Powers.
Wherever required, the concurrence of Finance is taken at the appropriate level as per the delegation of powers. In case of matters requiring consideration of matter by more than two departments, a multi-disciplinary committee consisting of executives of appropriate levels of the concerned departments is formed to expedite the decision-making. As far as possible cross noting within the same department or within the departments is avoided.
Matters which are beyond the powers delegated to CEO are referred to the corporate office for obtaining the approval of Chairman / Board of Directors, as the case may be.