Jamshedpur : Tata Steel was conferred the prestigious certificate of recognition by the Institute of Companies Secretaries of India (ICSI) for its excellence in corporate governance.
The steel giant was chosen among the top five companies in India for consistently fostering excellence in corporate governance practices. The company was conferred the Certificate of Recognition at the 14th ICSI National Awards for excellence in Corporate Governance presentation ceremony held at New Delhi.
Chanakya Chaudhary, group director, corporate communications & regulatory affairs, Tata Steel was present on the occasion to receive the honour on behalf of Tata Steel. The certificate was presented to Tata Steel by Sadananda Gowda, Minister for Law and Justice, Government of India.
On receiving the august recognition from one of the pioneer institutes of the country, Chaudhary said, “We at Tata Steel are delighted to be chosen for the Certificate of Recognition for Excellence in Corporate Governance.
It’s a recognition which identifies the company’s corporate governance philosophy which emphasises in adopting the ‘best practices’ that are followed in the area of Corporate Governance across various geographies.
The philosophy of Corporate Governance at Tata Steel is an integral part of the growth strategy and reinforces our vision in complete transparency and accountability in all the transactions, in order to protect the interests of its stakeholders”.
He further added, “This recognition will help us to attain even higher standards in corporate governance going forward.”
Tata Steel had received the ‘2nd National Award for excellence in Corporate Governance’ issued by the Institute in year 2002.
The presentation ceremony was preceded by a panel discussion on the topic, “Make in India: Are We Governance Ready?” The ceremony was attended by a plethora of industry leaders and representatives from the government.
The Institute of Company Secretaries of India (ICSI) is a statutory body constituted under the Company Secretaries Act, 1980 to regulate and develop the profession of Company Secretaries.
The Institute has the vision “To be a global leader in promoting Good Corporate Governance”. Its mission is “To develop the high calibre professionals facilitating good Corporate Governance”.