(iii) The procedure followed in the decision making process, including channels of supervision and accountablility.

The Organisation chart of the Company giving the details of Channels and Supervision is given at Annexure – 3.1     Annexure – 3.2

NALCO signs every year Memorandum of Understanding (MOU) with the Administrative Ministry, Ministry of Mines, Govt. of India. It has signed MOU with the Ministry for the year 2008-09. The targets agreed between NALCO and the Ministry of Mines, Govt. of India for the year 2008-09 is given at Annexure – 4 .