Purpose

Purpose At the Tata group we are committed to improving the quality of life of the communities we serve. We do this by striving for leadership The Indian Corporate Governance framework requires listed companies i)  to have independent directors on the board; At least one third of the directors have to be independent directors. ii) to have at least one independent woman director , iii) to disclose all deals and payments to related parties. iv) to disclose details of managerial compensation v) CEO and CFO to sign stating that the governance norms have been complied with in the financial statements. It can thus be concluded that the presence of active governance norms in a company enhances the image of the company, increases investor confidence and safeguards the interests of the shareholders and the society. The new norms laid down in Companies Act by bringing in transparency in corporates have raised the governing standards of Indian companies as per International Standards.