68 Case Studies in Business Ethics and Corporate Governance
and consistently trying to equate it with “long-term stakeholder value.” This is a clear indication that
companies like ITC have evolved with the evolution of the market and brought about changes according
to the changing scenarios.
This also shows that it has done away with the dog-eat-dog policy of the yesteryears. Adopting and
proper implementation of these policies have won many awards and accolades for the company. ITC is
here to stay and win many other awards and prizes if it continues to conduct itself as a company which
gives utmost priority to it policies and follows corporate governance in the best possible way.
EXHIBITS:
Audit Committee
Mr. S. B. Mathur Chairman
Mr. A. Baijal Member
Mr. A. V. Girija Kumar Member
Mr. P. B. Ramanujam Member
Mr. B. Vijayaraghavan Member
Mr. K. Vaidyanath Member
Mr. P.V. Dhobale Invitee
Mr. R. Tandon Invitee
Mr. S. Basu
(Head of Internal Audit)
Invitee
Representative of Statutory Auditors Invitee
Mr. B. B. Chatterjee Secretary to the Committee
Compensation Committee
Mr. S. H. Khan Chairman
Mr. A. Baijal Member
Mr. S. B. Mathur Member
Mr. H. G. Powell Member
Dr. B. Sen Member
Investor Services Committee
Mr. A. V. Girija Kumar Chairman
Mr. P. B. Ramanujam Member
Dr. B. Sen Member
Mr. K. N. Grant Member
Mr. B. Vijayaraghavan Member
Mr. B. B. Chatterjee Secretary to the
Committee
6_ITC_New.indd 686_ITC_New.indd 68 6/5/2012 3:11:24 PM6/5/2012 3:11:24 PM

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