New Delhi: ITC Limited has been adjudged ‘Best Governed Company’ at the
20th ICSI National Awards for Excellence in Corporate Governance, 2020 in the Listed Segment:
Large Category in recognition of its consistent growth and performance, contributive
capabilities, governance ethos, and sensitized approach towards CSR and sustainable
development. The Award was adjudged by an eminent jury under the chairmanship of Hon’ble
Justice Shri A. K. Sikri, Former Judge, Supreme Court of India, and International Judge,
Singapore International Commercial Court.
ITC’s Company Secretary, Rajendra Kumar Singhi was also adjudged ‘Governance Professional
of the Year’ for his contribution towards adoption of effective governance processes.
Mr Singhi received the Award on behalf of ITC at a ceremony held on the 13 th of January 2021.
Mr Piyush Goyal, Hon’ble Minister of Railways, Commerce and Industry and Consumer Affairs,
Government of India was the Chief Guest at the Awards ceremony, which was also graced by
stalwarts of the Indian corporate sector and governance professionals.
Thanking the ICSI for bestowing the Award, Chairman Mr Sanjiv Puri stated, “We are deeply
humbled by this befitting recognition for ITC’s robust governance model anchored on the
timeless values of trusteeship, transparency and ethical corporate citizenship. The high
standards that we have set for ourselves is inspired by our credo of ‘Nation First – Sab Saath
Badhein’ that seeks to create enduring value for our stakeholders, making a meaningful
contribution to creating larger societal value whilst enhancing the competitiveness of our
businesses with agility and innovative capacity. This Award, received in the presence of
Hon’ble Minister Shri Piyush Goyal ji, will indeed be a source of immense encouragement to
Team ITC as we traverse this journey to build a better tomorrow for our stakeholders and the
Nation”.
ICSI National Awards for Excellence in Corporate Governance is a prestigious award that
acknowledges the implementation of best practices in corporate governance. Instituted by ICSI,
these awards encourage and recognize individuals and listed companies that imbibe and
promote a culture of good corporate governance by not only inculcating good corporate
governance principles in their functioning but also by implementing innovative practices,
programs, and projects promoting the cause of corporate governance. It rigorously evaluated
participants on several parameters including governance structure, transparency, and
disclosure compliances, amongst others.
ITC has been one of the frontrunners in India to have put in place a formalized system of
corporate governance, more than 2 decades back.
ITC’s abiding commitment to its credo of ‘Nation First: Sab Saath Badhein’ is embodied in its
corporate vision to sustain ITC’s position as one of India’s most valuable corporations through
world-class performance, creating value for the Indian economy and the company’s
stakeholders. The company’s corporate governance philosophy is anchored on the values of
trusteeship, transparency, ethical corporate citizenship, empowerment & accountability, and
control that is embedded in the strategies and planning process of every business of the
company.
