The procedure followed in the decision making process, including channels of supervision and accountabilityBack
Since 1961, SCI evolved time tested and well established procedures. Procedures have also been fine tuned keeping in view the recommendations of the Central Vigilance Commission. Over the years SCI has grown in size and stature. Organization now operates at multiple places and is engaged in multifarious commercial activities for its various divisions viz. Personnel & Administration Division, Finance & Accounts Division, Technical Services & Off Shore Division, Liners & Passenger Services Division and Bulk Carrier & Tanker Division. Each Division has developed well laid procedures for carrying out the activities of the division. For instance, Chartering Dept. in the B&T Div. has well documented procedures in place for in & out chartering of vessels.
As mentioned at another place, ultimate decision making authorities are in accordance with Delegation of Powers Order (DOPO). There are various hierarchy levels involved in following the procedures that ultimately lead to decision making process.
In the decision making process, there are channels of supervision which ensure compliance with the laid down procedure like Designated Finance Officers (DFOs) who are the representatives of Director (F), also the Internal Audit Dept. in the Finance & Account Division which ensure correctness and authenticity of financial calculations. Wherever required, Company Secretary also provides inputs to ensure legal compliance in procedures followed in the decision making process. These channels ensure compliance with the procedure and the proposal thereby get vetted. Such channel of supervision ensure the sacredness of the information in each division.
Authorities involved in the decision making process are accountable. In the pursuit of excellence in corporate results, every employee is expected to maintain absolute integrity and devotion to duty at all times and conduct himself in a manner conducive to the best interests, credit & prestige of the corporation.