Business Ethics & Corporate Governance

RAJIB BARUA PGDM 2011-13

BUSINESS ETHICS & CORPORATE GOVERNANCE

What is BUSINESS ETHICS & CORPORATE GOVERNANCE ?

VISION , MISSION & OBJECTIVES CODE OF CONDUCT CSR ( CORPORATE SOCIAL RESPONSIBILITY)

VISSION MISSION

OBJECTIVE

ITC Limited Vision - Sustain ITC's position as one of India's most valuable corporations through world class performance, creating growing value for the Indian economy and the Companys stakeholders. Mission - To enhance the wealth generating capability of the enterprise in a globalizing environment, delivering superior and sustainable stakeholder value.

CODE OF CONDUCT
Applicable to all directors, senior management and employees of the Company. Preamble - Code is derived from three interlinked fundamental principles, viz. good corporate governance, good corporate citizenship and exemplary personal conduct. Philosophy - ITC is a professionally managed organization and the core value underlying our corporate philosophy is "trusteeship. We recognize society as an important stakeholder in this enterprise and therefore it is part of our responsibility to practice good corporate citizenship. Corporate Governance Policy - It clearly delineates the roles, responsibilities and authorities of the key entities in the governance structure of the Company.

Good Corporate Citizenship

Dealing with People in the Organization

Environment Policies

A Gender Friendly Workplace

Health and Safety

Relationships with Suppliers and Customers

Legal Compliance

CSR (Corporate Social Responsibility)

The only company in the world to be carbon positive, water positive & solid waste recycling positive

An Exemplary Contribution to the Triple Bottom Line PROFIT

A growing portfolio of businesses encompassing FMCG, Paperboards & Packaging, Agri & Foods Business, Hotels and Information Technology.

A turnover of over US $ 7 billion and a market capitalization of nearly US $ 35 billion. Total Shareholder Returns, measured in terms of increase in market capitalization and dividends, grew at a compound rate of 26% per annum over the last 15 years. The new FMCG businesses support the competitiveness, technology upgradation and market reach of over 150 Small and Medium Enterprises ( SMEs ). ITC Group provides direct employment to more than 29,000 people.

An Exemplary Contribution to the Triple Bottom Line PEOPLE

ITCs businesses generate livelihoods for over 5 million people. ITCs globally recognised e-Choupal initiative is the worlds largest rural digital infrastructure benefiting over 4 million farmers. ITCs Social and Farm Forestry initiative has greened over 1,25,000 hectares, creating over 56 million person-days of employment among the disadvantaged. ITCs Watershed Development initiative brings precious water to over 90,000 hectares of drylands and moisture-stressed areas. ITCs Sustainable Community Development initiatives include womens empowerment, supplementary education, integrated animal husbandry programmes.

An Exemplary Contribution to the Triple Bottom Line PLANET

ITC has been Carbon Positive seven years in a row ( sequestering /storing twice the amount of CO2 that the Company emits). Water Positive for ten consecutive years ( creating over two times more Rainwater Harvesting potential than ITCs net consumption). Solid Waste Recycling Positive for the last five years. All Environment, Health and Safety Management Systems in ITC conform to international standards.

ITCs e-Choupal worlds largest rural digital infrastructure

ITCs globally awarded e-Choupal initiative is a powerful illustration of a unique business model that delivers large societal value by co-creating rural markets with local communities. The e-Choupal digital infrastructure enables even small and marginalised farmers in rural India, who are de-linked from the formal market, to access relevant knowledge, market prices, weather information and quality inputs to enhance farm productivity, quality and command better prices making them more competitive in the national and global markets.

ITCs Afforestation Programme

Greening over 1,25,000 hectares & providing over 56 million person-days of employment

ITCs Watershed Development Programme

Irrigating over 90,000 hectares of dryland

ITCs Livestock Development Initiative

Animal husbandry services to nearly 5,00,000 cattle

ITCs Womens Empowerment Initiative

Economically empowering nearly 40,000 women

ITCs Primary Education Initiative

Educating nearly 3,00,000 rural children

ITCs Wealth out of Waste (WoW) Initiative

Creating a Positive Environmental Footprint through Waste Recycling

Select National & Global Recognition for ITCs Sustainability Initiatives

GSK India
The GSK Vision We want to become the indisputable leader in our industry - not simply in terms of size, but in how we use that size to achieve our mission and improve the quality of human life.

The GSK Mission Our global quest is to improve the quality of human life by enabling people to do more, feel better and live longer.

Code of Conduct (Corporate Governance)

Broadly, the Company's corporate governance philosophy is based on the following principles: Management should act as the trustee of the shareholders' capital and not as the owner. Satisfy the letter and spirit of the law and ensure 100% compliance with all the applicable laws of the land. The Company believes that the corporate governance standards should go beyond the law. Maintain high degree of disclosure levels to ensure transparency in functioning. Communicate externally about the company's internal functioning, in a truthful manner.

Corporate Social Responsibility

Rural projects 1. Tribal welfare projects in Peth Taluka, Nashik, Maharashtra. 2. Yuva Parivartan - GSK Livelihood Training Centers: Peth Taluka, Nashik, Maharashtra 3. Shelter home for children - Behraich, Uttar Pradesh 4. Healthcare project, Institute for Indian Mother and Child, Kolkata 5. Community College Program: Haryana 6. Residential shelter home for boys in Jodhpur, Rajasthan 7. Project for early detection of Cancer with Bhakti Vedanta Hospital: Mira Road, Mumbai Etc.

Urban projects

Primary Healthcare Centre in garbage dumping ground - Deonar, Mumbai Rehabilitation of Paraplegic patients: Mumbai Rehabilitation of cancer patients: Mumbai Palliative care for critically ill cancer patients: Bangalore

Mid-day Meal project: Mumbai

Mentally challenged children: Delhi

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