1. Business Ethics & Corporate
Governance
RAJIB BARUA
PGDM 2011-13’

2. BUSINESS ETHICS & CORPORATE
GOVERNANCE

3. What is BUSINESS ETHICS & CORPORATE
GOVERNANCE ?
• VISION , MISSION & OBJECTIVES
• CODE OF CONDUCT
• CSR ( CORPORATE SOCIAL RESPONSIBILITY)
VISSION
MISSION
OBJECTIVE

4. ITC Limited …
• Vision - Sustain ITC's position as one of India's
most valuable corporations through world class
performance, creating growing value for the Indian
economy and the Company’s stakeholders.
• Mission - To enhance the wealth generating
capability of the enterprise in a globalizing
environment, delivering superior and sustainable
stakeholder value.

5. CODE OF CONDUCT …
Applicable to all directors, senior management and employees of the
Company.
Preamble - Code is derived from three interlinked fundamental principles,
viz. good corporate governance, good corporate citizenship and
exemplary personal conduct.
Philosophy - ITC is a professionally managed organization and the core
value underlying our corporate philosophy is "trusteeship“. We recognize
society as an important stakeholder in this enterprise and therefore it is
part of our responsibility to practice good corporate citizenship.
Corporate Governance Policy - It clearly delineates the roles,
responsibilities and authorities of the key entities in the governance
structure of the Company.

6. Good Corporate Citizenship …
Dealing with
People in the
Organization
A Gender
Environment
Friendly
Policies
Workplace
Relationships
Health and
with Suppliers
Safety
and Customers
Legal
Compliance

7. CSR (Corporate Social Responsibility)
The only company in the world
to be carbon positive,
water positive &
solid waste recycling positive

8. An Exemplary Contribution to the Triple Bottom Line
PROFIT
• A growing portfolio of businesses encompassing FMCG, Paperboards &
Packaging, Agri & Foods Business, Hotels and Information Technology.
• A turnover of over US $ 7 billion and a market capitalization of nearly
US $ 35 billion.
• Total Shareholder Returns, measured in terms of increase in market
capitalization and dividends, grew at a compound rate of 26% per
annum over the last 15 years.
• The new FMCG businesses support the competitiveness, technology
upgradation and market reach of over 150 Small and Medium
Enterprises ( SMEs ).
• ITC Group provides direct employment to more than 29,000 people.

9. An Exemplary Contribution to the Triple Bottom Line
PEOPLE
• ITC’s businesses generate livelihoods for over 5 million people.
• ITC’s globally recognised e-Choupal initiative is the world’s largest rural
digital infrastructure benefiting over 4 million farmers.
• ITC’s Social and Farm Forestry initiative has greened over 1,25,000
hectares, creating over 56 million person-days of employment among
the disadvantaged.
• ITC’s Watershed Development initiative brings precious water to over
90,000 hectares of drylands and moisture-stressed areas.
• ITC’s Sustainable Community Development initiatives include women’s
empowerment, supplementary education, integrated animal husbandry
programmes.

10. An Exemplary Contribution to the Triple Bottom Line
PLANET
• ITC has been ‘Carbon Positive’ seven years in a row ( sequestering
/storing twice the amount of CO2 that the Company emits).
• ‘Water Positive’ for ten consecutive years ( creating over two times
more Rainwater Harvesting potential than ITC’s net consumption).
• ‘Solid Waste Recycling Positive’ for the last five years.
• All Environment, Health and Safety Management Systems in ITC
conform to international standards.

11. ITC’s e-Choupal – world’s largest rural digital
infrastructure
ITC’s globally awarded e-Choupal initiative is a powerful
illustration of a unique business model that delivers large
societal value by co-creating rural markets with local
communities. The e-Choupal digital infrastructure enables
even small and marginalised farmers in rural India, who are
de-linked from the formal market, to access relevant
knowledge, market prices, weather information and quality
inputs to enhance farm productivity, quality and command
better prices – making them more competitive in the national
and global markets.

12. ITC’s Afforestation Programme
Greening over 1,25,000 hectares
& providing over 56 million
person-days of employment
ITC’s Watershed Development Programme
Irrigating over 90,000 hectares
of dryland

13. ITC’s Livestock Development Initiative
Animal husbandry services
to nearly 5,00,000 cattle
ITC’s Women’s Empowerment Initiative
Economically empowering
nearly 40,000 women

14. ITC’s Primary Education Initiative
Educating
nearly 3,00,000 rural children
ITC’s Wealth out of Waste (WoW) Initiative
Creating a Positive Environmental
Footprint through Waste Recycling

16. Select National & Global Recognition
for ITC’s Sustainability Initiatives

17. GSK India…
• The GSK Vision – We want to become the indisputable leader in our
industry - not simply in terms of size, but in how we use that size to
achieve our mission and improve the quality of human life.
• The GSK Mission – Our global quest is to improve the quality of human
life by enabling people to do more, feel better and live longer.

18. Code of Conduct (Corporate Governance)
Broadly, the Company's corporate governance philosophy is based on the
following principles: -
• Management should act as the trustee of the shareholders' capital and
not as the owner.
• Satisfy the letter and spirit of the law and ensure 100% compliance with
all the applicable laws of the land. The Company believes that the
corporate governance standards should go beyond the law.
• Maintain high degree of disclosure levels to ensure transparency in
functioning.
• Communicate externally about the company's internal functioning, in a
truthful manner.

19. Corporate Social Responsibility
Rural projects –
1. Tribal welfare projects in Peth Taluka, Nashik, Maharashtra.
2. Yuva Parivartan - GSK Livelihood Training Centers: Peth Taluka, Nashik,
Maharashtra
3. Shelter home for children - Behraich, Uttar Pradesh
4. Healthcare project, Institute for Indian Mother and Child, Kolkata
5. Community College Program: Haryana
6. Residential shelter home for boys in Jodhpur, Rajasthan
7. Project for early detection of Cancer with Bhakti Vedanta Hospital: Mira
Road, Mumbai
Etc….

20. Urban projects
• Primary Healthcare Centre in garbage dumping ground - Deonar,
Mumbai
• Rehabilitation of Paraplegic patients: Mumbai
• Rehabilitation of cancer patients: Mumbai
• Palliative care for critically ill cancer patients: Bangalore
• Mid-day Meal project: Mumbai
• Mentally challenged children: Delhi

21. Feedback & Suggestions…