GovernancePromoting Transparent & Ethical Culture

As a responsible and accountable corporate, we continue to enhance our governance framework to make it more transparent and responsive. We proactively promote the principles of ethics and integrity within the organisation to embed sustained excellence in every facet of our business. Our strong governance philosophy enables sustainable and resilient growth for the Company even in a complex macro environment.

Mr. Ratan N. Tata

Chairman Emeritus

Our Board of Directors

Composition of Board Committees

Audit
Committee


  • Ms. Padmini Khare Kaicker (Chairperson)
  • Ms. Vibha Paul Rishi
  • Mr. S. Padmanabhan
  • Mr. K. B. S. Anand

Stakeholders’
Relationship Committee


  • Ms. Vibha Paul Rishi (Chairperson)
  • Mr. S. Padmanabhan
  • Mr. R. Mukundan
  • Mr. Zarir Langrana

Corporate Social
Responsibility Committee


  • Mr. S. Padmanabhan (Chairman)
  • Dr. C. V. Natraj
  • Mr. R. Mukundan

Nomination and
Remuneration Committee


  • Dr. C. V. Natraj (Chairman)
  • Mr. S. Padmanabhan
  • Ms. Vibha Paul Rishi

Safety, Health,
Environment and
Sustainability Committee


  • Mr. Rajiv Dube (Chairman)
  • Mr. S. Padmanabhan
  • Dr. C. V. Natraj
  • Mr. R. Mukundan
  • Mr. Zarir Langrana

Risk Management
Committee


  • Mr. K. B. S. Anand (Chairman)
  • Mr. S. Padmanabhan
  • Ms. Padmini Khare Kaicker
  • Mr. R. Mukundan
  • Mr. Zarir Langrana
  • Mr. Nandakumar S. Tirumalai

You can read the detailed profiles of our Board of Directors at https://www.tatachemicals.com/about-us/leadershipteam/board-of-directors

Composition of Board of Directors
Corporate Governance – An Overview

We have been consistently following the best practices of corporate governance over the years. Our overall governance framework, systems and processes reflect and support the Company’s Mission, Vision and Values. Our corporate governance culture helps us maintain fiscal accountability, ethical corporate behaviour and fairness to all our stakeholders, comprising the regulators, employees, customers, vendors, investors and the society at large.

We have a deep rooted legacy of fair, transparent and ethical governance practices in the Company

We believe good corporate governance to be essential for achieving our long-term corporate goals and enhancing stakeholders’ value

Our corporate governance philosophy seeks to ensure fairness, transparency and integrity of the management in order to protect the interests of all our stakeholders

Stringent adherence to ethical practices

As part of our good corporate governance framework, we are firmly committed to pursuing ethical practices across our business segments. Our governance framework comprises systems, policies, processes and practices that enable build an environment of trust along with ethical practices.

Tata Code of Conduct (‘TCoC’)

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 various panel discussions and sessions to focus upon and inculcate a strong culture of exceptional governance and ethics.

Key governance policies

We have in place well-defined governance polices, including:

Anti-Bribery & Anti-Corruption (ABAC)

Anti-Money Laundering (AML)

Gift Policy

Whistle Blower Policy

Prevention of Sexual Harassment (POSH)

Diversity & Inclusion

  • Our Managing Director & CEO is the Principal Ethics Counsellor. The head of Innovation and Business Excellence is Chief Ethics Counsellor mandated with the task of overseeing the deployment of the ethics policies. They are supported by the Location Ethics Counsellors
  • There is a clearly laid out process to raise concerns, investigate, and address the same. A 24x7 third party helpline is available for stakeholders to raise concerns
  • Continuous training and awareness about the TCoC is ensured amongst various stakeholders. We make sure that all our employees in critical roles undergo the mandatory online courses on ABAC, POSH, etc. Extensive training is also imparted to all new employees on policies pertaining to Gifts, Whistle Blower, Anti-money Laundering etc. Various events during the Ethics Month help in reinforcing the message about the importance of adherence to ethics
The Tata Business and Human Rights Policy

We have consciously adopted the Tata Business and Human Rights Policy. The Policy is aligned with:

  • Principles contained in the Universal Declaration of Human Rights, International Labour Organisation (ILO)
  • Declaration on Fundamental Principles and Rights at Work
  • United Nations Guiding Principles on Business and Human Rights

The Policy is also consistent with the Tata Code of Conduct, besides providing a governance structure to oversee the human rights commitments in the organisation.

Scoring high on performance management

We have in place various Board-level committees overseeing the functions of strategy, risks, performance, safety, etc. The Management operates under the guidance of these committees and accordingly formulates its course of action.

The Company has a broad spectrum of demographic attributes and characteristics in the boardroom. The Board is highly diverse in terms of qualifications, expertise, experience, skills and gender.