Page 95 - Tata Chemical Annual Report_2022-2023

Integrated Annual Report 2022-23 01-83 84-192 193-365
Integrated Report Statutory Reports Financial Statements
Business Responsibility &
Sustainability Report

2. Details of fines / penalties / punishment / award / compounding fees / settlement amount paid in proceedings (by the 5. Number of Directors/KMPs/employees/workers against whom disciplinary action was taken by any law enforcement agency
entity or by directors / KMPs) with regulators / law enforcement agencies/ judicial institutions, in the financial year, in the for the charges of bribery/corruption:
following format (Note: the entity shall make disclosures on the basis of materiality as specified in Regulation 30 of SEBI FY 2022-23 FY 2021-22
(Listing Obligations and Disclosure Obligations) Regulations, 2015 and as disclosed on the entity’s website):
Directors
Monetary KMPs Nil Nil
NGRBC Name of the Regulatory/ Amount Brief of the case Has an appeal Employees
Principle enforcement agencies/ (in `) been preferred? Workers
judicial institutions (Yes/No)
Penalty / Fine 6. Details of complaints with regard to conflict of interest:
Settlement Nil FY 2022-23 FY 2021-22
Compounding fee Number Remarks Number Remarks
Number of Complaints received in relation to issues of Conflict
Non-Monetary of Interest of the Directors
NGRBC Name of the Regulatory/ enforcement Has an appeal been Number of Complaints received in relation to issues of Conflict Nil NA Nil NA
Principle agencies/ judicial institutions Brief of the case preferred? (Yes/No) of Interest of the KMPs
Imprisonment
Punishment Nil 7. Provide details of any corrective action taken or underway on issues related to fines / penalties / action taken by regulators/
law enforcement agencies/ judicial institutions, on cases of corruption and conflicts of interest –
3. Of the instances disclosed in Question 2 above, details of the Appeal / Revision preferred in cases where monetary or
non-monetary action has been appealed. Not Applicable
Case Details Name of the regulatory / enforcement agencies / judicial institutions
Leadership Indicators
Nil
1. Awareness programmes conducted for value chain partners on any of the Principles during the financial year:
4. Does the entity have an anti-corruption or anti-bribery policy? If yes, provide details in brief and if available, provide a web- Total number of awareness Topics / principles covered %age of value chain partners covered (by
link to the policy.
programmes held under the training value of business done with such partners)
Yes, the Company does have the Anti-Bribery and Anti-Corruption (ABAC) policy. The Company has adopted a Whistle-blower under the awareness programmes
Policy and Vigil Mechanism to provide a formal mechanism to the Directors, employees and other external stakeholders to 41 Principle 1 - Ethics Awareness 60%
report their concerns about unethical behaviour, actual or suspected fraud or violation of the Company’s Code of Conduct. The
Policy provides for adequate safeguards against victimisation of employees who avail of the mechanism. No personnel of the 2. Does the entity have processes in place to avoid / manage conflict of interests involving members of the Board? (Yes/No) If
Company have been denied access to the Chairperson of the Audit Committee. The Vigil Mechanism includes policies viz. the Yes, provide details of the same.
Whistle-Blower Policy, the Gift and Hospitality Policy, the ABAC Policy and the Anti-Money Laundering (‘AML’) Policy. The ABAC
and AML policies primarily covers risk assessment, third party due diligence, training & awareness, and audit & reporting. The Yes, every Director of the Company discloses his/her concern or interest in the Company or companies or bodies corporate
Gift and Hospitality Policy aims to provide guidance to directors, officers and employees or persons who perform services for or or firms or other association of individuals and any change therein, annually or upon any change, which also includes the
on behalf of the Company on what is appropriate and acceptable, and what is not acceptable, for offering, giving and accepting shareholding. Further, a declaration is also taken annually from the Directors under the Code of Conduct confirming that they
gifts and hospitality. will always act in the interest of the Company and ensure that any other business or personal association which they may have,
The above Policies require the Company to appoint a senior official as the Compliance Officer who shall be responsible for does not involve any conflict of interest with the operations of the Company and their role therein. The Senior Management also
implementation of the Policies. Under the above Policies, Compliance Officers have a functional reporting about any violation affirms annually that they have not entered into any material, financial and commercial transactions, which may have a potential
of the Policies to the Chairperson of the Audit Committee. Aggravated cases of breach of the said Policies shall be escalated conflict with the interest of the Company at large.
to the Board of Directors of the Company. The Whistleblower Policy and Vigil Mechanism ensures that strict confidentiality is
maintained in such cases and no unfair treatment is meted out to a Whistleblower. The Company, as a Policy, condemns any kind In the Meetings of the Board, the Directors abstain from participating in the items in which they are concerned or interested.
of discrimination, harassment, victimisation or any other unfair employment practice being adopted against Whistleblowers. With For identifying and tracking conflict of interests involving the Directors / KMPs of the Company, the Corporate Secretarial
an aim to create awareness, during the year under review, the Company also undertook a series of communication and training team maintains a database of the Directors and the entities in which they are interested. This list is shared with the Finance
programmes on the values, TCoC and other ethical practices of the company for internal stakeholders, vendors and distributors, department which flags off the parties in their system for monitoring and tracking transaction(s) entered by the Company
partners etc. The Company also celebrated the month of July as Ethics Month with all communication and programmes centered with such parties.
around the theme “Ethics for a Sustainable Organisation”. A dedicated Ethics Helpline has been setup which is managed by an
independent professional Organisation for confidentially raising any ethical concerns or practices that violate the Tata Code of
Conduct. The Ethics Helpline can be contacted to report any suspected or confirmed incident of fraud/misconduct on:
E-mail : reportmyconcern@integritymatters.in
Address : Principal Ethics Counsellor, Tata Chemicals Limited, Bombay House, 24 Homi Mody Street, Fort, Mumbai - 400 001
The Whistleblower Policy as adopted by the Company is available on the Company’s website at:
https://www.tatachemicals.com/WhistleblowerPolicy.htm.

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