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Reliance shows the way in stakeholder capitalism
Reliance shows the way in stakeholder capitalism

Stakeholder capitalism is only good when it is also seen to be practiced, and there could not have been a better way for an Indian conglomerate to demonstrate its commitment to this principle than the way Reliance Industries Limited has done by rolling back the salary cuts of its huge workforce with retrospective effect

At a time when none would have faulted RIL had it persisted with the reduced pay policy for some more time to conserve resources, the present move by the Mukesh Ambani-led company is visible proof of a conglomerate which gives equal importance to taking care of its employees’ interests as it does in bolstering revenues and profitability. 


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