itc corporate governance and csr

8/7/2019 ITC Corporate Governance and CSR

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ITC Corporate Governance andCSR


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Corporate Governancey Corporate scenario:

Diversified multi-business corporation.

To address each business uniqueness and its unity ofpurpose.

Freedom of executive management in a globally

competitive context.


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Purpose To enhance wealth generation capacity.

To enable companies meet stakeholders aspirations and

societal expectations.


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Core principles Executive freedom for management.

To be exercised with in framework of effective

accountability.


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Cornerstones


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3-tier governance structure


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ExecutiveDirectors

Non-ExecutiveDirectors

Compensation terms

forExecutive Directorsand Senior most level .

To review, monitorand provide strategicdirections tosustainability practicestowards fulfilling triplebottom line objectives.

C

ompensation Committee

SustainabilityC

ommittee

Assurance oninternal controland financial

disclosure.

Investorgrievance, Sub-division ofshares, Issue ofduplicate shares.

Nominationfor CMC and

Board

AuditCommittee

Investorservice

committee

NominationCommittee

Board meeting

6 times a year.

Agenda circulation at least 3days prior.

Agenda examined byCMC.

Decision based on majority.

Committee

Audit Committee.

Nomination Committee.

Compensation Committee.

Investor Service Committee.

SustainabilityCommittee.

Chairman

One Independent Director

Executive Chairman.

One Independent Director

One Non-ExecutiveDirector.

Executive Chairman.

Board ofDirectors


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Strategic management with in boardsapproved framework.CMC

Reviewed by Nomination Committee of board. Consists ofExecutive Directors and 3 or 4 senior

members of management.

Chaired by Executive chairman.

Membership

Chairman of Board and CMC.

To provide leadership to Board and CMC to helprealize company's goals.

Preside over general meetings of shareholders.

ExecutiveChairman

Executive

Director

Contribute to the strategic management ofcompanys businesses.

Assume overall strategic responsibility for its

performance.

Corporate Management Committee


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Executive management to realize tacticaland strategic objectives in accordancewith CMC/Board.

DMC

Determined by Executive Director withthe approval of CMC.Membership

Chairs the meeting.DivisionalCEO

Meeting t least one in a month to reviewdivisional performance and related issues.

Divisional Management Committee


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ITC CSR -Lets put India firsty CSR oriented towardsAgricultural Development and

Rural Empowerment

yRural development by linking knowledge andtechnology transfer for creation of economic andsocial capacity

y Providing market linked solutions and innovations

that more effective and sustainable than capitalintensive approaches


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Reasonsy Agro-based company.

y Dependency of rural population.

y Choice of path less travelled.y The Triple Bottom-line objective.


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Initiativese-Choupal

Social andFarm Forestry

WatershedDevelopment

WomensEmpowerment

LivestockDevelopment

PrimaryEducation


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MilestonesITC CSR Milestones

e - Choupal 4 million farmers empowered6,500 e - Choupals installed

Social & Farm Forestry 114,428 hectares greened,generating 51.48 million person - days ofemployment

Watershed Development 56,951 hectares brought under soil andmoisture conservation

Women's Empowerment 15,378 women members1183 self - help groups

Livestock Development 176 Cattle Development Centres3,520 villages covered annually

Primary Education 252,329 children covered through 2,334Supplementary Learning Centres


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TripleBottom-Line

Objective,Vision &Mission

CorporateGovernance

CSR


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Presented by-

Aravind K K

ParvathM

Ravikiran

Binod Kumar

itc corporate governance and csr

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