Corporate Governance
The goal of any system of governance is to achieve the best performance within the overall context of the prevalent economic environment, so as to secure maximum benefit for all the stakeholders. For this to be achieved, governance cannot only be systems, processes and metrics. It also has to integrate within itself the beliefs, values, culture and ethics of an organization, ultimately leading to the cornerstones of transparency and accountability, which is what good governance, is all about.
In the recent past, corporate India has been flooded with several prescriptive principles of governance, the result of intense deliberations of eminent commissions. Ironically, the corporate failures in developed countries regulated by highly disciplined capital markets have only brought home the stark reality that good governance can never be the result only of legislation. It must have real commitment from the management.
Our shareholders are aware that the Mahindra Companies have been associated with good governance even before corporates were faced with legislation and a set of regulations. The Company has formally enunciated its own governance practices by way of a Code of Corporate Governance. This Code seeks to serve as a reminder of the underlying principles governing the conduct of our businesses. They are a reiteration of the fundamental precept that good Corporate Governance must, and will, always be an integral part of the fabric that makes up our ethos.
We have a code of conduct that acts as a guide to everyone in the organization. To know what influences our actions, click on any of the following links.
• CODE OF CONDUCT FOR DIRECTORS
• CODE FOR SENIOR MANAGEMENT AND EMPLOYEES
|
