New Delhi: In a landmark statement, ONGC Chairman Shri Arun Singh emphasized the importance of transparency and accountability in the management of public funds. At the Annual General Meeting (AGM) of ONGC held at Hotel Oberoi in New Delhi, Shri Singh stated, “ONGC’s MONEY IS PUBLIC MONEY.”
Recognizing the Trust of the Nation
By acknowledging that ONGC’s funds belong to the people, Shri Singh demonstrated a deep understanding of the company’s responsibility towards its stakeholders. This statement reinforces ONGC’s commitment to ethical governance and responsible management of resources.
A New Era of Transparency
This bold statement sets a precedent for other public sector undertakings to follow. As a leader in the energy sector, ONGC’s dedication to transparency and accountability will pave the way for a new era of trust and cooperation between the company and the nation.
Conclusion :
ONGC Group Chairman Arun Kumar Singh’s statement that “ONGC’s money is the public’s money” sends a strong message not only to the ONGC Group but to the entire nation, emphasizing the responsibility of every shareholder-funded company to ensure complete transparency in its financial dealings.
The pressing question now is whether ONGC’s subsidiary companies are adopting this principle in their operations ?
Click the Link for Operation: Appointment of Chairman and Managing Director of ONGC’s subsidiary.
