ASSIGNMENT- 3

CORPORATE GOVERNANCE OF
BHARTHI AIRTEL
Submitted to:
Prof. T. Ramesh Kamath
Department of MBA, AIMIT
Submitted by:
Alex Antony
2nd MBA, AIMIT
REG.NO:1716015
INTRODUCTION
• Bharti Airtel Limited is a leading global telecommunications company
with operations in 16 countries across Asia and Africa.
• Headquartered in New Delhi, India, the company ranks amongst the
top 3 mobile service providers globally in terms of subscribers.
• In India, the company's product offerings include 2G, 3G and 4G
wireless services, mobile commerce, fixed line services, high speed
home broadband, DTH, enterprise services including national &
international long distance services to carriers. In the rest of the
geographies, it offers 2G, 3G, 4G wireless services and mobile
commerce. Bharti Airtel had over 413 million customers across its
operations at the end of March 2018.
Governance structure
• At the apex level is the Board of Directors and various committees,
which collectively direct the highest standards of Corporate
Governance and transparency in the Company’s functioning.
• At one level below the Board, strategic co-ordination and direction is
provided by the Airtel Corporate Council (ACC).
• The Managing Director & CEO (India & South Asia) is responsible for
strategy deployment and overall business performance of India and
South Asia
CORPORATE GOVERNANCE PHILOSOPHY OF
BHARTHI AIRTEL
• Focuses on creating and sustaining a deep relationship of trust and
transparency with all stakeholders.
• Transparent procedures and practices and decisions based on
adequate information.
• Compliance with all relevant laws in letter and spirit. High levels of
disclosures to disseminate corporate, financial and operational
information to all stakeholders.
• Policies on tenure of Directors, rotation of Auditors and a Code of
Conduct for Directors and Senior Management.
COMPOSITION OF THE BOARD
• The Company’s Board is an optimum mix of Executive, NonExecutive
and Independent Directors, and conforms with the provisions of the
Companies Act, 2013, Listing Regulations, FDI guidelines, terms of
shareholders’ agreement and other statutory provisions. The Board
comprises of twelve members which includes a Chairman, a
Managing Director & CEO (India & South Asia), four Non-Executive
Directors and six Independent Directors.
• The Company’s Board members are from diverse backgrounds with
skills and experience in critical areas like technology, global finance,
telecommunication, entrepreneurship, administrative services,
consulting and general management
NAMES OF BOARD MEMBERS
• Mr. Sunil Mittal(Chairman) Independent Director
• Mr. Craig Ehrlich (Independent Director)
• Ms. Tan Yong Choo (Non-Executive Director)
• Mr. Shishir Priyadarshi (Independent Director)
• Mr. D. K. Mittal (Independent Director)
• Mr. Rakesh Bharti Mittal.
THE CODE OF BUSINESS CONDUCT AND
ETHICS
• The partners will conduct all its dealings in a very ethical manner and
with the highest business standards.
• Protection of intellectual property
• Environment, health and safety
• Domestic and international trade controls
• Conflict of interest
Board Meeting Schedules and Agenda
• The calendar for the Board and Committee meetings, in which the financial
results would be considered in the ensuing year, as well as major items of the
agenda are fixed in advance for the whole year
• The Audit & Risk Management Committee and the HR and Nomination
Committee meetings are generally held on the same dates as Board meetings
• The Company Secretary, in consultation with the Chairman, prepares Board and
Committee meeting’s agenda. The detailed agenda, along with explanatory notes
and annexures, as applicable are sent to the Board and Committee members.
• As a process prior to each Board meeting, proposals are invited from
Independent Directors for discussion / deliberation at the meeting(s) and these
are included in the meeting’s agenda to promote objective decision making.