Page 115 - Tata_Chemicals_yearly-reports-2020-2021

Integrated Report Statutory Reports Financial Statements
1-59 Corporate Governance Report 147-300

quantity and timeliness of flow of information between the Independent Directors are also Members. The Directors
Company’s management and the Board that is necessary for are also regularly updated by sharing various useful
the Board to effectively and reasonably perform their duties. reading material/newsletters relating to the Company’s
performance, operations, business highlights, developments
The Meeting was attended by all the Independent Directors in the industry, sustainability initiatives, customer-centric
as on that date and Dr. C. V. Natraj chaired the said Meeting. initiatives, its market and competitive position on the Board
Application.
Terms and Conditions of appointment of Independent A Board Meeting to discuss the Company’s strategy across
Directors
its businesses, future growth, including strategy of key
All the Independent Directors of the Company have been operating subsidiaries, etc. was held during the year.
appointed as per the provisions of the Act and the SEBI During the year, as part of the induction programme,
Listing Regulations. Formal letters of appointment are issued Mr. Rajiv Dube, Independent Director was familiarised about
to the Independent Directors after their appointment by the the business, Company’s strategy, organisation structure,
Members. As required by Regulation 46 of the SEBI Listing subsidiaries, functions like Human Resource, Digital, Finance
Regulations, the terms and conditions of their appointment and Legal.
have been disclosed on the website of the Company at
https://www.tatachemicals.com/TCAID.htm. The Directors from time to time get an opportunity to visit
the Company's plants where plant heads apprise them
Induction and Familiarisation Programme for of the operational and sustainability aspects to enable
Directors them to have full understanding on the activities of the
The Company has a familiarisation programme for its Company and initiatives undertaken on safety, quality,
Independent Directors. The objective of the programme is CSR, Sustainability, etc. Visits to the Company’s Innovation
to familiarise the Independent Directors to enable them to Centre are arranged to familiarise the Independent Directors
understand the Company, its operations, strategies, business, with research and development activities of the Company.
functions, policies, industry and environment in which it However, in view of the restrictions due to the ongoing
functions and the regulatory environment applicable to it Covid-19 pandemic, physical visit to the Company’s
and operations of its subsidiaries. These include orientation plants/other locations was deferred. Pursuant to Regulation
programme upon induction of new Directors as well as other 46 of the SEBI Listing Regulations, the details of such
initiatives to update the Directors on a continuous basis. familiarisation programme during FY 2020-21 are available on
An induction kit is provided to new Directors which includes the website of the Company at https://www.tatachemicals.
the Annual Report, overview of the Company and its com/directors-familiarisation-fy-21.htm
operating subsidiaries, charters of the Committees, annual Appointment/Re-appointment of Directors
Board/Committee Meeting calendar, TCoC, Code of Conduct
for Non-Executive Directors including Independent Directors, As required under Regulation 26(4) and Regulation 36(3) of
Company’s Code of Conduct for Prevention of Insider Trading the SEBI Listing Regulations and Secretarial Standards - 2
and Code of Corporate Disclosure Practices, etc. Meetings on General Meetings issued by the Institute of Company
with Business/Functional Heads are organised to provide a Secretaries of India, particulars of Directors seeking
brief on the businesses/functions. appointment/re-appointment at this AGM are given in
the Notice of the AGM which forms part of this Integrated
Pursuant to Regulation 25(7) of the SEBI Listing Regulations, Annual Report.
the Company imparted various familiarisation programmes
to its Directors including review of long-term strategy, Code of Conduct
industry outlook, regulatory updates at the Board and The Company has adopted the TCoC for its Whole-time
Audit Committee Meetings, Cyber Security, Information Directors, Senior Management Personnel and other
Technology, Tax, Digital Strategy and Litigation updates. Executives which is available on the website of the
Besides the above, presentation on Risk Management, Company at https://www.tatachemicals.com/TCOC.htm.
update on initiatives undertaken by the Company towards
the community during Covid-19, Science Based Target The Board has also adopted a Code of Conduct for
Initiatives, Safety and Sustainability initiatives, Talent pipeline, Non-Executive Directors, which incorporates the duties of
HR Strategy and Succession planning, etc. are made at Independent Directors as laid down in Schedule IV to the Act
the respective Committee Meetings where some of the (‘Code for Independent Directors’) and Regulation 17(5) of

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