A corporation is an organization created by a

group of shareholders who have ownership of

the corporation.

The elected Board of directors appoint and
oversee management of the corporation.

Governance refers to "all processes of
governing, whether undertaken by a
government, market or network, whether over
a family, tribe, formal or informal organization
or territory and whether through laws, norms,
power or language."
Corporate governance is the set of processes ,
customs , policies , laws , and institutions
affecting the way a corporation (or company )
is directed, administered or controlled.

It is stepping into the shoes of the
shareholders, stakeholders, vendors, suppliers
& employees by the Top Managers and CEO of
the company.
Accountability

Fairness

Transparency

Independence
Ensure that management is accountable to the
Board.

Ensure that the Board is accountable to
shareholders.

Protect Shareholders rights.

Treat all shareholders including minorities,
equitably.

Provide effective redress for violations.
Ensure timely, accurate disclosure on all material
matters, including the financial situation,
performance, ownership and corporate
governance.
Procedures and structures are in place so as to
minimise, or avoid completely conflicts of
interest.

Independent Directors and Advisers i.e. free
from the influence of others.

Composition of Board of Directors.
Role of Board of Directors.
Audit Committee.
Shareholders Committee.
Better access to external finance.
Lower costs of capital interest rates on loans.
Improved company performance sustainability.
Higher firm valuation and share performance.
Reduced risk of corporate crisis and scandals.
Trusteeship
As professional managers, we are conscious that ITC
has been given to us in "trust" by all our stakeholders.
We will actualise stakeholder value and interest on a
long term sustainable basis.
Customer Focus
We are always customer focused and will deliver what
the customer needs in terms of value, quality and
satisfaction.
Respect For People
We are result oriented, setting high performance
standards for ourselves as individuals and teams.
We will simultaneously respect and value people and
uphold humanness and human dignity.
Excellence
We do what is right, do it well and win. We will strive
for excellence in whatever we do.
Innovation
We will constantly pursue newer and better processes,
products, services and management practices.
Nation Orientation
We are aware of our responsibility to generate
economic value for the Nation. In pursuit of our goals,
we will make no compromise in complying with
applicable laws and regulations at all levels.


PRESENTED BY :
SHIVAANG SANGAL
SONALI MAHESHWARI
SHIVANI GARG
RICHA SHARMA