PROMOTION POLICY AND PROCEDURE FOR …

PROMOTION POLICY AND PROCEDURE FOR EXECUTIVES 1. Coverage :- This POLICY shall be called MECL s PROMOTION POLICY and shall be applicable to all regular executives on the rolls of the company including those who are out on deputation to some other organization and are retaining lien in the Company. 2. Objectives The objectives of the PROMOTION POLICY and its PROCEDURE are: a) To recognize and reward, merit and competence. b) To develop existing executives to meet the future needs of the organization. c) To improve organizational and functional effectiveness. d) To provide career opportunities and a sense of fulfillment to executives of the Company. Definitions Appointing Authority means Chairman-cum-Managing Director of the Company.

PROMOTION POLICY AND PROCEDURE FOR EXECUTIVES 1. Coverage:- This policy shall be called MECL’s Promotion Policy and shall be applicable to all regular executives on the rolls of the company including

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