Code of conduct


IN THIS SECTION

Responding responsibly

Tata Chemicals is committed to the code of conduct enunciated by the Tata Group.

View the Tata code of conduct in an e-book format.

Code of conduct for non-executive directors

  • Non-executive directors of a company will always act in the interest of the company and ensure that any other business or personal association which they may have does not involve any conflict of interest with the operations of the company and his role therein.
  • Non-executive directors will comply with all applicable laws and regulations of all the relevant regulatory and other authorities, as may be applicable to such directors in their individual capacities.
  • Non-executive directors will safeguard the confidentiality of all information received by them virtue of their position.

In terms of Schedule IV to the Companies Act, 2013, independent directors shall have the following duties:

  • To undertake appropriate induction and regularly update and refresh their skills, knowledge and familiarity with the company;
  • To seek appropriate clarification or amplification of information and, where necessary, take and follow appropriate professional advice and opinion of outside experts at the expense of the company;
  • To strive to attend all meetings of the Board of Directors and of the board committees of which he is a member;
  • To participate constructively and actively in the committees of the Board in which they are chairpersons or members;
  • To strive to attend the general meetings of the company;
  • Where they have concerns about the running of the company or a proposed action, ensure that these are addressed by the Board and, to the extent that they are not resolved, insist that their concerns are recorded in the minutes of the board meeting;
  • To keep themselves well informed about the company and the external environment in which it operates;
  • Not to unfairly obstruct the functioning of an otherwise proper board or committee of the board;
  • To pay sufficient attention and ensure that adequate deliberations are held before approving related party transactions and assure themselves that the same are in the interest of the company;
  • To ascertain and ensure that the company has an adequate and functional vigil mechanism, and to ensure that the interests of a person who uses such mechanism are not prejudicially affected on account of such use;
  • To report concerns about unethical behaviour, actual or suspected fraud or violation of the company's code of conduct or ethics policy;
  • To act within his authority, assist in protecting the legitimate interests of the company, shareholders and its employees; and
  • Not to disclose confidential information, including commercial secrets, technologies, advertising and sales promotion plans, unpublished price sensitive information, unless such disclosure is expressly approved by the Board or required by law.

Tata Chemicals launches global ethics helpline