Lobbying Governance
Overall Assessment | Analysis | Score |
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Lakshmi Machine Works Ltd provides no indication of a formal lobbying governance framework; indeed, it states that “need for a formal policy has not been felt,” while describing participation in “public advocacy with the objective of strengthening the industrial base” through industry forums. The evidence notes that “Businesses, when engaged in influencing public and regulatory policy, should do so in a responsible manner,” but offers no detail on oversight structures, monitoring procedures, or accountability measures. While the company “endeavors to promote growth and technological progress, economic reforms, inclusive development policies and sustainable business principles” through various forums, it does not disclose any process or responsible individual to review or align its advocacy activities, nor any mechanism for evaluating or reporting on lobbying efforts.
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