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    CGR

    Uploaded by

    Ajay
    The document discusses ITC's various committees related to corporate governance, ethics, and risk management. It outlines committees for audit, CSR and sustainability, nomination and compensation, security holders, and independent directors. It also describes ITC's whistleblower policy, code of conduct, and risk management committee which oversees risk identification and mitigation strategies. The document shows that ITC has established robust governance structures and policies to ensure adherence to ethics and manage risks.

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    © All Rights Reserved
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    CGR

    Uploaded by

    Ajay
    142 views5 pages
    The document discusses ITC's various committees related to corporate governance, ethics, and risk management. It outlines committees for audit, CSR and sustainability, nomination and compensation, security holders, and independent directors. It also describes ITC's whistleblower policy, code of conduct, and risk management committee which oversees risk identification and mitigation strategies. The document shows that ITC has established robust governance structures and policies to ensure adherence to ethics and manage risks.

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    CGR

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    The document discusses ITC's various committees related to corporate governance, ethics, and risk management. It outlines committees for audit, CSR and sustainability, nomination and compensation, security holders, and independent directors. It also describes ITC's whistleblower policy, code of conduct, and risk management committee which oversees risk identification and mitigation strategies. The document shows that ITC has established robust governance structures and policies to ensure adherence to ethics and manage risks.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    142 views5 pages

    CGR

    Uploaded by

    Ajay
    The document discusses ITC's various committees related to corporate governance, ethics, and risk management. It outlines committees for audit, CSR and sustainability, nomination and compensation, security holders, and independent directors. It also describes ITC's whistleblower policy, code of conduct, and risk management committee which oversees risk identification and mitigation strategies. The document shows that ITC has established robust governance structures and policies to ensure adherence to ethics and manage risks.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
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    Organization Corporate Social 360 Degree Risk

    About ITC Tone at the Top Corporate Ethics


    Culture Responsibility feedback Management

    ITC Core Values:


    ITC's Core Values are aimed at developing a customer-focused, high-performance
    organization which creates value for all its stakeholders.
    It is spread across Fast Moving Consumer Goods (FMCG), Hotels, Paperboards &
    Specialty Papers, Packaging, Agri-Business, and Information Technology.
    Organization Corporate Social 360 Degree Risk
    About ITC Tone at the Top Corporate Ethics
    Culture Responsibility feedback Management

    Type Of Description Arguments(For) Argume


    Committee nts(Agai
    nst)
    Audit committee ITC has committee for managing and monitoring the Audit process in the Company This is a good structure here which includes NA
    includes Chairperson(Mr. S.B.Mathur) and other members chairperson and members and secretary to
    monitor the audit process of the organization.
    CSR and Sustainability CSR committee to address and take initiatives in the CSR activities. The CSR committee is also very effective as we NA
    Committee have seen many CSR activities initiated by the ITC
    and taking part in returning back to the
    Environment in different forms.
    Nomination and This takes care of the compensation of the employees working in the Organization
    compensation Committee
    Security holders This monitors the Relationship of Organization with other Stake holders.
    Relationship Committee
    Independent directors There is an independent directors also along with other directors to make the
    Committee decisions unbiased wherever possible.

    Conclusion:

    Here in ITC we can see that the organization has created different committee consist of different people to take case of the respective areas of corporate
    Governance and Ethics. This is very Important that for each and every aspect of Corporate ethics we should have a committee so that every individual will be
    aware of where he should go with his/her concerns.
    It’s clearly visible and written that each and every one in the organization must follow and comes under this Corporate governance Policies and should adhere
    to them.
    Organization Corporate Social 360 Degree Risk
    About ITC Tone at the Top Corporate Ethics
    Culture Responsibility feedback Management

    Policies Description

    Whistleblower policy A Whistleblower complaint may be made by any employee (hereinafter referred to as the ‘complainant’). Such complaint should be sent to his or her
    immediate reporting authority, with copies to the relevant Divisional Chief Executive / Head of Corporate Department and the Head of Corporate
    Human Resources. Complaint for any actual or suspected instance of leak of UPSI should also be copied to the Company Secretary and the Chief
    Financial Officer. Upon receipt of a complaint (other than by or against senior management), the Head of Corporate Human Resources, who should
    keep the Line Director informed, will make an assessment thereof and on being satisfied as to the seriousness and credibility of the complaint, direct
    the complaint for investigation, in consultation with the General Counsel, to the Internal Audit Department of the Company.
    Meetings Meetings and Attendance

    The Company’s Governance Policy requires the Board to meet at least five times a year. The intervening period between two Board meetings was
    well within the maximum gap of 120 days prescribed under the Listing Regulations 2015. The tentative annual calendar of meetings is broadly
    determined at the beginning of each year

    Conclusion:

    This shows how well and diligently board is following the meetings and monitoring the issues and listens the concerns of their
    employees which are every important for corporate governance.
    Organization Corporate Social 360 Degree Risk
    About ITC Tone at the Top Corporate Ethics
    Culture Responsibility feedback Management

    ITC Code of Conduct

    The ITC Code of Conduct, as adopted by the Board of Directors, is applicable to all Directors, senior management and employees
    of the Company. This Code is derived from three interlinked fundamental principles, viz. good corporate governance, good
    corporate citizenship and exemplary personal conduct. The Code covers ITC's commitment to sustainable development, concern
    for occupational health, safety and environment, a gender friendly workplace, transparency and auditability, legal compliance, and
    the philosophy of leading by personal example. Any instance of non-adherence to the Code or any other observed unethical
    behavior on the part of those covered under the Code is brought to the attention of the immediate reporting authority, who, in
    turn, reports the same to the Head of Corporate Human Resources. The Code is available on the Company's corporate website.

    Conclusion:
    We have seen that everywhere company has specified the details of the corporate ethics and communicated it well in there
    Annual report and in there meetings also they communicate regarding the corporate ethics and code of consuct.
    They have created the committees to monitor the and check the the proper ethics are being followed or not.
    Organization Corporate Social 360 Degree Risk
    About ITC Tone at the Top Corporate Ethics
    Culture Responsibility feedback Management

    RISK MANAGEMENT COMMITTEE:


    The role of the Risk Management Committee, constituted pursuant to the Listing Regulations 2015, is inter alia to approve the strategic risk management
    framework of the Company, and review the risk mitigation strategies and results of risk identification, prioritisation & mitigation plans for all businesses /
    functions.

    Composition:

    The Risk Management Committee presently comprises the Managing Director, the other Executive Directors and senior members of management. The Managing
    Director is the Chairman of the Committee. The Chief Risk Officer is the Secretary to the Committee. The names of the members of the Risk Management
    Committee, including its Chairman, are provided below. Meetings and Attendance Details of Risk Management Committee Meetings during the financial year
    During the financial year ended 31st March, 2018, two meetings of the Risk Management Committee were held, as follows:

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