Professional Documents
Culture Documents
financial reports and controls, 2) a critical appraisal of strategic action plans, 3) evaluation of the
strategic leadership skills, and 4) executive compensation?
directed and controlled. It potentially covers the entire gamut of activities having direct or
indirect influence on the financial health of the corporate entities. The concept of governance
covers a broad range of fields from economics and management to law and accounting, and thus
fair, ethical and transparent governance practices, many of which were in place even
before they were mandated by adopting the highest standards of professionalism, honesty,
practices followed by the Company and its subsidiaries are compatible with international
standards and best practices. Through the Governance mechanism in the Company, the
Board along with its Committees undertakes its fiduciary responsibilities to all its
to the Tata Business Excellence Model as a means to drive excellence and the Balanced
Scorecard methodology for tracking progress on long term strategic objectives. The Tata
Code of Conduct, which articulates the values, ethics and business principles, serves as a
guide to the Company, its directors and employees is also supplemented with an
Code. The Company is in full compliance with the requirements of Corporate Governance
under the Securities and Exchange Board of India (Listing Obligations and Disclosure
Depositary Programme is listed on the New York Stock Exchange and the Company also
complies with US regulations as applicable to Foreign Private Issuers (non -US companies
listed on the US Exchange) which cast upon the Board of Directors and the Audit
Risk management and the internal control process focus areas continue to meet the
on current and emerging best practices from both within and outside the Tata Group of
requirements prescribed under the Companies Act, 2013 ("Act") and the SEBI Listing
Regulations.
In TATA the corporate governance is managed very well with certain rules which are
given below and there are some people assigned to address the issue, so overall the corporate
governance in TATA is in very sound position as their disclosures during annual report or
quarterly report and very clear to the share-holders and investors also, provided their codes of
ethics are also very strong. Any employee/business associate who becomes aware of a suspected
wrongful conduct is encouraged to send his/her observations/concrete facts to the Direct Touch
Team either through phone or written communication complete with related evidence (to the
extent possible) without fear of reprisal or retaliation of any kind. The information on suspected
wrongful conduct is such information which the Employees/business associates in good faith,