The practice of good governance

As a part of the Tata group, Tata Chemicals has always believed in enhancing shareholder value through good corporate governance, which involves transparency, empowerment, accountability and integrity

Corporate governance is a system encompassing the entire mechanics of the functioning of a company and is about doing the right things, at the right time, in the right manner. Corporate governance envisages a simplified and transparent corporate structure driven solely by business needs and hence is a journey and not a destination. Corporate governance stems from the culture and mindset of the management and is therefore beyond the realm of law. It leads to improved employee morale and higher productivity, thereby providing a competitive advantage in the global marketplace.

The fundamental objective of corporate governance policies is to promote corporate fairness, transparency, accountability and responsiveness. These policies seek to focus on enhancement of stakeholder value with integrity, social responsibility and compliance with the laws, thereby satisfying the law in spirit and not merely in word.

Tata Chemicals Limited adheres to the principles of corporate governance by consistently endeavouring towards improved operational performance, through the Tata Business Excellence Model and the Tata Code of Conduct.

For more details on corporate governance, refer to the corporate governance report.