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Risk Management Structure
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GTL’s risk management structure conforms to the requirement of Clause 49 of Securities
and Exchange Board of India’s circulars.
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An integrated risk management system continuously identifies monitors and manages
GTL’s risks. The audit committee of the Board provides the overall policy guidelines.
This committee also conducts periodic reviews of GTL’s risk management policy, while
the Board monitors GTL’s risk management through quarterly risk reports.
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Risk Management Framework
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GTL benchmarks its risk management practices to global best practices, as laid down
by COSO, The Committee of Sponsoring Organizations of the Treadway Commission (www.coso.org).
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GTL has an internal risk reporting and control system for each of its business segments
and subsidiaries, to ensure continual and transparent monitoring.
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Click on the links below to know more...
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| Intellectual property rights risks |
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| GTL relies on certain technologies licensed from third parties, and cannot be sure these licenses will remain available to it on commercially reasonable terms, or at all. The loss of such technology could require that substitute technology of similar quality or performance standards or at greater cost be obtained. |
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