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Corporate Governance

CORPORATE GOVERNANCE

Setting an Ethical Standard

The Tata Code of Conduct guides TCS’ business and its dealings with associates, customers, and suppliers.

 

 

TCS has inherited a legacy of fair and transparent ethical governance, as embodied in the Tata Code of Conduct (TCoC). As a signatory of the UN Global Compact, the company has aligned its corporate governance strategy with the 10 principles espoused in the document. TCS has a unitary Board comprising 11 members, of whom eight (including the Chairman) are non-executive directors and six are independent directors. The Board carries out the dual functions of overseeing the management of the company and representing shareholder interests.

TCS has built a strong, highly successful global business, and sustains its leadership position by adhering to high standards of principled conduct. We include relevant clauses in all contracts with associates, customers, suppliers, and partners. TCS also reviews its policies and training modules regularly to comply with legislation relating to corruption and improved norms on business ethics. At the Board-level, the Ethics and Compliance Committee oversees TCS' adherence to the TCoC.

TCS has also established a global policy on the Prevention of Sexual Harassment (POSH) at the workplace. This document was updated in February 2014 to align with current legal mandates, in particular the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, enacted in India, where a majority of our workforce is located. In addition to this, employees can report serious violations of the TCoC directly to the Board without fear of reprisal under our Whistle Blower Policy. 

UK Gender Pay Gap Reporting

New UK Government gender pay gap legislation now requires all employers in Great Britain with more than 250 employees to publicly report four earnings groups (quartiles), and compares pay for all employees in the business. The gap is the difference in the average pay and bonuses of all men and all women across an organization.
In addition to posting TCS data as required to the UK Government website: https://gender-pay-gap.service.gov.uk/, as a responsible employer, TCS is also publishing a document to provide further context and industry insights. Click here to download the report.