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PioneersinPower

BoardofDirectors
Home>AboutUs>CorporateGovernance
CommitteesoftheBoard

Termsandconditionsof CompanysPhilosophyonCorporateGovernance
AppointmentofIndependent
Directors The essence of Corporate Governance is about maintaining the right balance between economic,
social,individualandcommunitygoals.AtTataPower,goodCorporateGovernanceisawayoflife
Familiarisationprogramme andthewaywedoourbusiness,encompassingeverydaysactivitiesandisenshrinedasapartof
forIndependentDirectors ourwayofworking.TheCompanyisfocusedonenhancementoflongtermvaluecreationforallstakeholderswithoutcompromising
on integrity, societal obligations, environment and regulatory compliances. Our actions are governed by our values and principles,
CorporateGovernance whicharereinforcedatalllevelsoftheorganisation.Theseprincipleshavebeenandwillcontinuetobeourguidingforceinthefuture.

ForyourCompany,goodCorporateGovernanceisasynonymforsoundmanagement,transparencyanddisclosure,encompassing
QuarterlyCompliance
goodcorporatepractices,procedures,standardsandimplicitruleswhichpropelaCompanytotakesounddecisions,thusmaximising
ReportonCorporate
longtermshareholdervaluewithoutcompromisingonintegrity,socialobligationsandregulatorycompliances.AsaCompanywitha
Governance
strong sense of values and commitment, Tata Power believes that profitability must go hand in hand with a sense of responsibility

towards all stakeholders. This is an integral part of your Company's business philosophy. The cardinal principles such as
Vision,MissionandValues
independence,accountability,responsibility,transparency,trusteeshipanddisclosureserveasmeansforimplementingthephilosophy

ofCorporateGovernance.
Subsidiaries,JointVentures
andAssociates ThisphilosophyisreflectedandpracticedthroughtheTataCodeofConduct,theTataBusinessExcellenceModelandtheTataCode
forPreventionofInsiderTradingandCodeofCorporateDisclosurePractices,whichserveasguidelinesforLeadershipwithTrust.
CorporatePolicies TheCompanyiscommittedtofocusitsenergiesandresourcesincreatingandpositivelyleveragingshareholderswealth,andatthe
sametime,safeguardingtheinterestsofallstakeholders.Thisisourpathtosustainableandprofitableexistenceandgrowth.
Achievements&Awards
ICSINationalAwardforExcellenceinCorporateGovernancefor2013
TataCodeofConduct
YourCompanywasconferredTheICSINationalAwardforExcellenceinCorporateGovernancefor2013,inrecognitionofitshigh

qualityallroundapproachtogovernance.
OurPresence
In addition to these, the Company has also adopted the requirements of Corporate Governance under Clause 49 of the Listing
IndianNetwork AgreementswiththeStockExchanges.

InternationalPresence TataCodeofConduct

ThefountainheadofthecorporategovernanceoftheTataPowerCompanyistheTataCodeofConduct.TheCompanyiscommittedto
RelatedLinks:
abidebyit,initsletterandspirit.AndtheCompanyhasearnedtheTataBrandnamebyvirtueofthiscommitment.Itdrawsitsstrength
fromthefiveTatavalues:

Integrity

Understanding

Excellence

Unity

Responsibility

InTataparlancetheystandfor

Integrity

WemustconductYourbusinessfairly,withhonestyandtransparency.Everythingwedomuststandthetestofpublicscrutiny.

Understanding

Wemustbecaring,showingrespect,compassionandhumanityforYourcolleaguesandcustomersaroundtheworld,andalways
workingforthebenefitofIndia.

Excellence

WemustconstantlystrivetoachievethehighestpossiblestandardsinYourdaytodayworkandinthequalityofthegoodsand
servicesweprovide.

Unity

Wemustworkcohesively with Your colleagues across the group and with Your customers and partners around the world, building
strongrelationships,basedontolerance,understandingandmutualcooperation.

Responsibility

Wemustcontinuetoberesponsible,sensitivetothecountries,communitiesandenvironmentsinwhichwework,alwaysensuringthat
whatcomesfromthepeoplegoesbacktothepeoplemanytimesover.

ThenameofTATAsaysitall.ItencompassesthelowestcommonTatadenominatorthewayothersseetheTataGroup.

T
T rust

A cceptability

T ransparency

A ccountability

ManagementPractices

ForconsistencyandfaithfulimplementationofthecorporateobjectivesofTataPower,theBoardhasfollowedcertainmanagement
practicesevenpriortothesamebeingmademandatory,viz.,ConstitutionofanAuditCommittee,RemunerationCommittee,etc.

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