The TBEM criteria includes deployment of business practices for excellence in leadership and strategy and deployment of operational excellence. These assessments are conducted by trained and certified assessors who keep the context of the company in mind while applying the holistic TBEM criteria within the company and industry. The TBExG facilitates TBEM assessments in group companies to assess their process maturity levels, and overall performance. The Tata Business Excellence Group (TBExG) promotes business excellence in group companies by bringing in best-in-class processes and facilitating the sharing of best practices. creating an environment free of the fear of retribution thereby allowing all stakeholders to raise ethics-related queries or concerns.not engaging in unfair or restrictive trade practices, and compliance with applicable laws, rules and regulations.maintaining a balance in the interest of stakeholders and treating them fairly to avoid discrimination.the economic development of communities. In all interactions with employees, customers, communities and the environment, partners, financial stakeholders, government and regulators and other group companies. professionalism, honesty, fairness and integrity.highest standards of corporate governance.the highest moral and ethical standards.It encapsulates our values of integrity, responsibility, excellence, pioneering and unity. All full-time employees of the Tata group are obliged to follow the tenets of the code of conduct. The Tata Code of Conduct provides an ethical road map and guidelines for Tata employees and companies. As part of the BEBP agreement, the operating companies must adopt: The agreement confers upon the operating companies the right to use the Tata brand in return for a commitment from them to run their businesses ethically and with excellence. Shareholding in the group companies: Tata Sons is the principal investment holding company and the promoter of its group operating companies.īrand Equity & Business Promotion (BEBP) agreement: Every company that uses the 'Tata' brand is a signatory to the Tata Sons’ BEBP agreement. Tata Sons’ relationship with the group operating companies is governed by: It is imperative to build a sustainable and resilient enterprise. Globally, organisations are becoming vulnerable as businesses become complex, virtual and interdependent. Our Governance Philosophy is based on resilience. Tata Sons also goes beyond mere compliance to highlight certain behaviours and norms to Tata group operating companies. As a responsible corporate citizen, Tata Sons follows the laws of the land in letter and spirit. Our Governance Philosophy is to ensure fair, transparent, accountable and ethical management in order to protect the interests of all stakeholders, including shareholders, employees, customers, vendors, regulators and society. “The Tata philosophy of management has always been, and is today more than ever, that corporate enterprises must be managed not merely in the interests of their owners, but equally in those of their employees, of the consumers of their products, of the local community and finally of the country as a whole.” JRD Tata, 1973 Tata Sons is the principal investment holding company and promoter of Tata companies.Ħ6% of the equity share capital of Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation, and art and culture.Įach Tata company or enterprise operates independently under the guidance and supervision of its own Board of Directors.
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