Page 82 - Tata Chemical Annual Report_2022-2023
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Integrated Annual Report 2022-23 01-83 84-192 193-365
Integrated Report Statutory Reports Financial Statements
Governance
Board Skills and Expertise Our Managing Director & CEO is the Principal Ethics Declaration on Fundamental Principles and Rights at Work
Counsellor. The head of Innovation and Business Excellence is United Nations Guiding Principles on Business and Human
Chief Ethics Counsellor mandated with the task of overseeing
Leadership and Governance 9 Rights
the deployment of the ethics policies. They are supported by
Industry Experience 8 the Location Ethics Counsellors The Policy is also consistent with the Tata Code of Conduct,
Science and Technology 4 besides providing a governance structure to oversee the human
There is a clearly laid out process to raise concerns, investigate, rights commitments in the organisation.
IT and Digitalisation 5 and address the same. A 24x7 third party helpline is available
Strategy 8 for stakeholders to raise concerns Scoring high on performance management
Finance 6 We have in place various Board-level committees overseeing
Continuous training and awareness about the TCoC is ensured
HR and Communication 8 amongst various stakeholders. We make sure that all our the functions of strategy, risks, performance, safety, etc. The
Safety and Sustainability 8 employees in critical roles undergo the mandatory online Management operates under the guidance of these committees
and accordingly formulates its course of action.
Multiple Geography Experience 8 courses on ABAC, POSH, etc. Extensive training is also imparted
to all new employees on policies pertaining to Gifts, Whistle The Company has a broad spectrum of demographic attributes
Blower, Anti-money Laundering etc. Various events during and characteristics in the boardroom. The Board is highly diverse
the Ethics Month help in reinforcing the message about the in terms of qualifications, expertise, experience, skills and gender.
Corporate Governance – An Overview Stringent adherence to ethical practices importance of adherence to ethics
We have been consistently following the best practices of As part of our good corporate governance framework, we The Tata Business and Human Rights Policy
corporate governance over the years. Our overall governance are firmly committed to pursuing ethical practices across our
framework, systems and processes reflect and support the business segments. Our governance framework comprises We have consciously adopted the Tata Business and Human
Company’s Mission, Vision and Values. Our corporate governance systems, policies, processes and practices that enable build an Rights Policy. The Policy is aligned with:
culture helps us maintain fiscal accountability, ethical corporate environment of trust along with ethical practices. Principles contained in the Universal Declaration of Human
behaviour and fairness to all our stakeholders, comprising the Rights, International Labour Organisation (ILO)
regulators, employees, customers, vendors, investors and the Tata Code of Conduct (‘TCoC’)
society at large. The TCoC articulates values and ideals that guide and govern
the conduct of the Tata companies as well as its employees in
all matters relating to business. It is our constant endeavour to
create an environment of ethics and good governance through
strict compliance with the code. During the year, we conducted
We have a deep rooted legacy of fair, transparent various panel discussions and sessions to focus upon and
and ethical governance practices in the Company inculcate a strong culture of exceptional governance and ethics.
Key governance policies
We have in place well-defined governance polices, including:
We believe good corporate governance to be
essential for achieving our long-term corporate
goals and enhancing stakeholders’ value
Anti-Bribery & Anti-Money
Anti-Corruption (ABAC) Laundering (AML)
Our corporate governance philosophy seeks to
ensure fairness, transparency and integrity of the
management in order to protect the interests of all Gift Policy Whistle Blower Policy
our stakeholders
Prevention of Sexual Diversity & Inclusion
Harassment (POSH)
Leadership Connect Read more on Leadership Connect at page 77
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