Page 25 - TCE Annual Report 2019-2020

Delivering Aspirations | Achieving Scale

Corporate Governance Philosophy Number of Directors Total
Effective Corporate Governance practices constitute Date of Board present at the Board Number of Attendance
(%)
Meeting
the firm foundation on which successful commercial Meeting Directors
enterprises are built. TCE’s philosophy on Corporate May 13, 2019 4 4 100
Governance oversees the business strategies. It
ensures fiscal accountability, ethical Corporate May 24, 2019 3 4 75
Governance and fairness to all stakeholders and
the society at large. Strong leadership and effective
Corporate Governance practices inherited from the September 13, 2019 4 4 100
Tata culture and ethos have been our hallmark.
November 21, 2019 4 4 100
TCE has a strong legacy of fair, transparent and ethical
governance practices and has adopted the Tata Code
of Conduct for its employees including the Managing January 22, 2020 4 4 100
Director and non-executive directors.

As per the Section 149 of the Companies Act 2013, TCE
doesn’t fall under the requirement of appointing an The necessary quorum was present for all TCE
Independent Director on Board or the Committees like meetings.
Audit & Risk Management Committee and Nomination i All necessary disclosures regarding Committee
& Remuneration Committee. Hence the Code of positions in other public companies as on March
Conduct for Independent Directors is not applicable 31, 2020 have been made by the Directors and
to us. However, the company follows the Tata Board none of them are related to each other.
and Committee/s Governance Charter 2015 and the
Committees i.e. Audit & Risk Management Committee, ii The names and categories of the Directors on
Nomination and Remuneration Committee, Corporate TCE Board, their attendance at Board Meetings
Social Responsibility Committee, are functional in TCE held during the year under review and at the last
as a practise of good Corporate Governance. The Tata Annual General Meeting (“AGM”), names of other
Business Excellence Model further strengthens our listed entities/public companies in which they are
Corporate Governance philosophy. a director and the number of Directorships and
Committee Chairmanships/Memberships held
by them in other public limited companies as on
Board of Directors March 31, 2020 are given herein below.
As on March 31, 2020, TCE has four Directors. Of the 4
Directors, 3 (i.e. 75%) are Non-Executive Directors. The Other directorships do not include directorships
profiles of the Directors can be found on our website of private limited companies, foreign companies
(www.tce.co.in). The Composition of the Board is in and companies registered under Section 8 of the
conformity with Section 149 of the Act. None of the Act. Further, none of them are members of more
Directors on the Board hold directorship in more than than ten committees or chairperson of more than
ten public companies. five committees across all the public companies in
which he/she is a Director.
5 Board Meetings were held during the year and
the gap between two meetings did not exceed one iii The TCE Board periodically reviews the
hundred and twenty days. The dates on which the said compliance reports of all laws applicable to the
meetings were held are: company.

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