Overseas Manpower Corporation Ltd

(A Government of Tamilnadu Undertaking)

CHAPTER: III

The procedure followed in its decision making process, including channels of supervision and accountability:

The important decisions of the Corporation are taken by the Board of Directors which meets normally once in three months. Certain major policy decisions taken by the Board are communicated to Government then and there and its approval thereon obtained. Besides as per the Companies Act, 1956 Annual General Body Meeting is convened for adopting accounts, Directors’ report and for declaration of dividend based on the profit earned by the Corporation during the financial year. The dividends are payable to Government since the Corporation is fully owned by Government.

Channel of Supervision:

The Administrative Officer (A.O) look after the area of operations under the leadership of Chairman and Managing Director.

Manager, Assistant Managers are working under the control of Managing Director and Administrative Officer and discharging the functions of the Corporation. The Assistants are routing their subject files through the Manager(Recruitment) to Administrative Officer and Managing Director for taking decision. The Internal Auditors appointed by the Board, Statutory Auditors appointed by the Comptroller and Auditor General of India, and the officers from the offices of the Accountant General are inspecting the accounts and performance of the Corporation and send report to Government and Public Accounts Committee. The suggestions made by the Accountant General (Audit) are placed before the Board and implemented. The annual accounts and Directors’ report adopted in the Annual General Body Meeting are being placed on the table of the Tamil Nadu Legislative Assembly through Government. Besides, in every Board Meeting the physical and financial activities of the Corporation are reviewed.