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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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| In order to reduce and mitigate identifiable risks, GTL has in place various insurance covers from reputed insurance companies. |
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GTL’s entire physical infrastructure is insured against fire and allied perils, theft and burglary |
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Group personal accident policy covers GTL’s employees against bodily injury solely or directly caused by accidental/violent / external and visible means resulting in death or disablement |
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Insurance for Directors and officers with worldwide coverage, including damages awarded against Directors and officers, to protect personal liabilities arising from professional work as Directors or officers |
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Commercial general liability (CGL) for physical injury and property damage covers third party liabilities from various business exposures; and covers all subsidiaries |
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Errors and omission policy that covers all subsidiaries, to secure internet / computer network security, media, telecom and technology liability |
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Business interruption or loss of profit to cover fixed costs of GTL owing to interruption by fire and allied perils |
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Comprehensive risk policy for on going projects, domestic and international |
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Medical and health insurance for those employees and their families, who have been with the GTL for five or more years |
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