List of Top 25 Companies

PRESS RELEASE-JURY MEETING
Second Questionnaire for companies which have cleared first round.

LIST OF TOP 25 COMPANIES (in alphabetical order)
  1. Abhishhek Industries Ltd.
  2. Bajaj Auto Ltd.
  3. Bharat Forge Ltd.
  4. Chennai Petroleum Corporation Ltd.
  5. Clariant Chemicals (India) Ltd.
  6. CMC Ltd.
  7. Gujarat Alkalies and Chemicals Ltd.
  8. Hexaware Technologies Ltd.
  9. ITC Ltd.
  10. Jubilant Organosys Ltd.
  11. Kansai Nerolac Paints Ltd.
  12. KPIT Cummins Infosystems Ltd.
  13. Larsen & Toubro Ltd.
  14. Mahindra & Mahindra Ltd.
  15. Munjal Showa Ltd.
  16. NTPC Ltd.
  17. Nucleus Software Exports Ltd.
  18. Polaris Software Lab Ltd.
  19. Satyam Computer Services Ltd.
  20. Subex Azure Ltd.
  21. Tata Consultancy Services Ltd.
  22. Tata Metaliks Ltd.
  23. Tata Steel Ltd.
  24. Unichem Laboratories Ltd.
  25. Vaibhav Gems Ltd.

Second Questionare



ICSI NATIONAL AWARD FOR EXCELLENCE IN CORPORATE GOVERNANCE, 2006

SECOND QUESTIONNAIRE

  1. The creative aspects of corporate governance are the responsibility of management while compliance is of the board of directors.” Does your corporate philosophy agree with this view or not? Elaborate the reasons with factual examples from your corporate activity in either case.
  2. Share your companys mission statement on boards purpose and responsibilities, if any.
  3. Elaborate the specific corporate governance issues your company has identified and the plans to deal with each issue.
  4. What are the board performance benchmarks your company has identified from other companies from within and outside your industry?
  5. How do you evaluate and measure the effectiveness and performance of the board and its members?
  6. It is the quality of the person as independent director which is more important than criteria of independence Exemplify how this has been applied in the constitution of your board.
  7. During the year under review, mention as to how the Audit Committee helped in
    (a) improving financial performance
    (b) better risk management
    (c) better internal control
    (d) better accounting systems
    (e) unlocking hidden value
  8. Please supply us three instances each of positive and negative consumer feedback with full details of action taken thereon.
  9. Please supply us three instances each of positive and negative shareholder feedback with full details of action taken thereon.
  10. Please supply us three instances each of positive and negative creditors/suppliers feedback with full details of action taken thereon.
  11. Please supply us three instances each of positive and negative societal feedback with full details of action taken thereon.
  12. Illustrate, from the year under review, the companys policy in respect of human resource development with respect to
    (i) Employee retention
    (ii) Employee Grievance redressal
    (iii) Employee Succession planning
    (iv) Employee Career development
    (v) Employee Training
  13. What would, in your view, be the next most happening thing for corporate India in near future?
  14. Please elaborate as to how the expenditure on R&D; was result oriented during the year. Link the R&D; effort to the innovations achieved.
  15. Financial risk, Foreign Exchange risk, Competition risk, Regulatory risk, Obsolescence Risk, Human behaviour risk, have all changed the complex of corporate risk management. Please exemplify how your company is managing risks?
  16. Share your companys policy on succession planning for Key Managerial Personnel.
  17. How are the conflicts within senior management resolved? Please share a copy of the policy, if any, in this regard.

Press Release Jury Meeting

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P R E S S R E L E A S E

Chief of Bureau November 11, 2006

  • ICSI NATIONAL AWARD FOR EXCELLENCE IN CORPORATE GOVERNANCE 2006
  • Promoting Good Governance Amongst Indian Corporates
The Jury for ICSI National Award for Excellence in Corporate Governance headed by Honble Justice Shri V N Khare, Former Chief Justice of India, met here today at New Delhi to finalise the Winners of the ICSI National Award for Excellence in Corporate Governance 2006 and Life Time Achievement Award for Translating Excellence in Corporate Governance into Reality.

The Jury comprising of a galaxy of eminent personalities from Government, Corporates, Academicians and Indian Corporate Leaders of fortune 500 Companies finalised Awards for two Best Governed Companies. The Company Secretaries of the Awardee Companies will also be honoured for their contribution. The Jury also finalised Life Time Achievement Award to be conferred on an eminent corporate personality for Translating Excellence in Corporate Governance into Reality.

In pursuit for excellence and to identify, foster and reward the culture of evolving globally acceptable standards of Corporate Governance among Indian companies, the Institute instituted the ICSI National Award for Excellence in Corporate Governance in the year 2001.

The Awards comprising of Citation and Trophy are based on the outcome of concerted and comprehensive process which enables the Jury to judge the practices of Corporate Governance as followed by Indian corporates and acknowledge the best practices worthy of being exemplified.

This indeed is the Sixth consecutive Award to be conferred on companies for promoting the cause of good Corporate Governance. The Winner companies will be presented the ICSI Award at a function scheduled for December 23, 2006 at Chennai.

Corporate Governance is not only the key to Corporate Excellence but is basic to social and national excellence. In the global corporate environment, it acts as a catalyst for law, ethics, management practices, wealth creation, management sharing.

  • Dr. Amita Ahuja
  • Director (Public Relations &
  • Corporate Communication)
  • Phone: 24604756
PANEL OF JURY FOR THE ICSI NATIONAL AWARD FOR
EXCELLENCE IN CORPORATE GOVERNANCE, 2006

CHAIRMAN

  • Honble Justice Shri V N Khare, (Former Chief Justice of India)

MEMBERS

  • Shri Anil K Agarwal, President, ASSOCHAM
  • Mrs. Sushma Berlia, President, PHDCCI
  • Shri Naresh Chandra, Former Cabinet Secretary
  • Dr. K.C Chakrabarty, CMD, Indian Bank
  • Shri Y C Deveshwar, Chairman, ITC Ltd
  • Dr. Bakul H Dholakia, Director, IIM, Ahmedabad
  • Dr. J.J.Irani, Director, Tata Sons Ltd
  • Shri Tony Joseph, Editor, Business World
  • Shri Brijmohan Lall, Chairman, Hero Honda Motors Limited
  • Prof.(Dr.) N R Madhava Menon, Director, National Judicial Academcy (Retd.)
  • Ms. Kalpana Morparia, Jt. MD, ICICI Bank Ltd.
  • Shri T.S.Krishna Murthy, Chief Election Commissioner of India (Retd.)
  • Shri Ravi Narain, Managing Director and CEO, NSE Ltd.
  • Shri Deepak S. Parekh, Chairman, HDFC Ltd.
  • Shri Rajnikant Patel, MD & CEO, Bombay Stock Exchange Ltd.
  • Shri Saroj Kumar Poddar, President, FICCI
  • Shri Subir Raha, Former Chairman & Managing Director, ONGC Ltd.
  • Shri S. Ramasundaram, CMD, TIDCO
  • Shri M B N Rao, Chairman & Managing Director, Canara Bank
  • Shri Prabir Sengupta, IAS, Director, IIFT
  • Shri H.M.Choraria, President, The ICSI
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