Ethical Code of Conduct & Corporate

Governance Strategies
• Tata Steel ,established in 1907, is among the top ten steel
producers in the world with an existing annual crude steel
production capacity of 30 Million Tones Per Annum (MTPA).

• Tata Steel has a balanced global presence in over 50 developed

European and fast growing Asian markets, with manufacturing
units in 26 countries.

• Through investments in Corus, Millennium Steel (renamed Tata

Steel Thailand) and NatSteel Holdings, Singapore, Tata Steel has
created a manufacturing and marketing network in Europe,
South East Asia and the pacific-rim countries. Corus, which
manufactured over 20 MTPA of steel in 2008, has operations in
the UK, the Netherlands, Germany, France, Norway and Belgium.

• Tata Steel, through its joint venture with Tata BlueScope Steel
Limited, has also entered the steel building and construction
applications market.
 A code of ethics in business is a set of guiding principles
intended to ensure a business and its employees act with
honesty and integrity in all facets of its day-to-day
operations and to only engage in acts that promote a
benefit to society.
 Employees
Equal Opportunities-

 Equal opportunities to all employees

 No unfair discrimination on any ground,
 Recruitment based solely on performance, merit,
competence and potential.
 Fair, transparent and clear employee policies
 Dignity and Respect-
• Creating a conducive work environment built on tolerance,
understanding, mutual cooperation and respect for
individual privacy.
• Do not tolerate any form of harassment
• Employees right to privacy
Human Rights
• Do not employ children at workplace
• Do not use forced labor in any form
Bribery and Corruption
• Employees shall not offer or receive any illegal benefits
 Employees shall not make any willful
omissions or material
misrepresentation Integrity of
 Employees and directors shall Information
seek proper authorization prior to
disclosing company related and Assets
information.
 Employees shall ensure the
integrity of personal data or
information provided by them to
company.

 Employees shall respect and

protect all confidential information
and intellectual property of the
company and third party.
 Customers
Products and Services
• Products and services of world-class quality.
• The products and services shall comply with
applicable laws.
• No unfair or misleading statements about the
products and services of our competitors.
Export controls and trade sanctions
Comply with all relevant export controls or
trade sanctions.
 Fair Competition
Collect competitive information through
legally permitted sources and means

Dealings with customers

 Dealings with customers shall be
professional, fair and transparent.
 Safeguard customers’ personal data.
 Communities Our Communities and
Environment

 Actively assist in the

improvement of the quality of life
of the people in the communities

 Encourage workforce to
volunteer on projects that benefit
the communities
1. Environment
 Environmental sustainability.
 Prevent the wasteful use of
natural resources
 Financial Stakeholders

 Enhance shareholder value and comply with laws

and regulations that govern shareholder rights.
 Inform financial stakeholders about relevant
aspects of business in a fair, accurate and timely
manner and shall disclose such information in
accordance with applicable law and agreements.
 Accurate records of activities and shall adhere to
disclosure standards in accordance with
applicable law and industry standards.
 Government
 Engage with the government and regulators in a
constructive manner in order to promote good governance.
 Do not impede, obstruct or improperly influence the
conclusions of, or affect the integrity or availability of data or
documents for any government review or investigation
 Do not support any specific political party or candidate for
political office. No mutual dependence/ favour with any
political body or person.
Corporate Governance - It means governing a company in a value based manner.

Objective - Enhance of share holders value keeping in view the interest of other
stakeholders.
Value Creation Approach
Inputs, Outputs, Outcomes
 Means of Communication
 Half-yearly report –
• The half-yearly results of the Company are published in the newspapers and posted on the
website of the Company.
 Results –
• The quarterly and annual results along with the Segmental Report are generally published in
The Times of India ,The Indian Express, Nav Shakti , Free Press Journal, Loksatta and also
displayed on the website of the Companywww.tatasteel.com shortly after its submission to
the Stock Exchanges.
 Presentation to Institutional Investors or to analysts –

• Official news releases and presentations made to Institutional Investors and analysts are
posted on the Company’s website.

 Management Discussion & Analysis Report –

• The MD&A Report forms a part of the Directors’ Report. All matters pertaining to industry
structure and developments , opportunities and threats, segment/product wise performance,
outlook, risks and concerns, internal control and systems, etc. are discussed in the said
report.