Shiv Nadar Receives Highest Honour in Corporate Governance in India

Felicitated with the ICSI Lifetime Achievement Award 2013

The Institute of Company Secretaries of India (ICSI) was constituted in 1980 to develop and regulate the profession of Company Secretaries. The Institute has been taking various measures to promote and facilitate good governance in the corporate sector. These measures include recognition and awarding companies and persons for their enduring contribution to governance. It has been bestowing National Awards for excellence in corporate governance for the last 12 years. The awardees for ICSI National Awards for Excellence in Corporate Governance are selected through a very rigorous comprehensive evaluation process undertaken by an eminent jury.

The ICSI National Awards for Excellence in Corporate Governance, instituted in 2001, is the highest honour in corporate governance in India. Shiv Nadar received this award for his exemplary work in institution-building and good governance that has helped create sustained and path-breaking growth for HCL in a highly dynamic business environment.

HCL and Corporate Governance
Good corporate governance underpins the success and integrity of the organizations, institutions and markets. It is one of the essential pillars for building an efficient and sustainable environment.

Corporate Governance is based on the principles of integrity, fairness, equity, transparency, accountability and commitment to values. Good governance practices stem from the culture and mindset of the organization. Effectiveness of the Corporate Governance in our Company depends on regular review, preferably regular independent review. As stakeholders across the globe evince keen interest in the practices and performance of companies, Corporate Governance has emerged on the center stage.

HCL values good governance as it facilitates efficient, effective and entrepreneurial management that can deliver stakeholders value over the longer term.

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