ITC Corporate Governance and CSR
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Transcript of ITC Corporate Governance and CSR
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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