Professional Documents
Culture Documents
The Indian Hotels Company Limited (the Company) has been practicing good
Corporate Governance even before Securities Exchange Board of India (SEBI)
made it a mandatory requirement from 2001. Out of more than 5000 companies
listed with the BSE Limited, the Company is categorized as an "A Group"
Company which group comprises only 200 companies and the criteria for
selection is based on Market Capitalisation, Liquidity, Industry Representation,
Listed History and track record of Compliance. Being a TATA group Company, the
Company goes beyond the mandatory requirements of Corporate Governance
and conducts business in a fair and transparent manner. It maintains good
investor relationships and endeavors to deliver to investor consistent quality
services.
Board of Directors
Dr. N S Rajan
AUDIT COMMITTEE
The Audit Committee assists the Board in supervising the Companys internal
control system and oversees the quality and integrity of the accounting, auditing
and reporting practices of the Company and its compliance with the legal and
regulatory requirements. The Audit Committee comprises four Independent
Directors who have the relevant experience in the field of finance, banking and
accounting.
The Committee comprises the following:
Mr. K.B. Dadiseth Chairman
Mr. Deepak Parekh - Independent Director
Ms. Ireena Vittal.- Independent Director
Mr. Nadir Godrej
Social Responsibility. The Committee comprises three Directors of which two are
Independent viz.
Mr. Rakesh Sarna, Managing Director and CEO - Chairman
Mr. Nadir Godrej Independent Director
Ms. Ireena Vittal Independent Director
INSIDER TRADING
The Company follows a strict code on Insider Trading mandated by the TATA
Group. The process is closely monitored and adhered to strictly.
INVESTOR RELATIONS
The Company has a state of art in-house share registry that is registered as a
Category I Registrar with SEBI. The Company has over 1,70,000 members. As on
date approximately 98% of the Equity Share Capital of the Company has been
dematerialized. All correspondence and grievance received from shareholders
are responded to within stipulated time. All valid transfers are processed within a
week of receipt. All demat requests are processed within 15 days of receipt. All
the financial results are promptly reported to the Stock exchange(s) and
published in leading newspapers. The results are also simultaneously uploaded
on the Company's web.