January 22, 2019
IHCL recognised for excellence in corporate governance by the Institute of Company Secretaries of India
Mumbai: The Indian Hotels Company (IHCL), South Asia’s largest and most iconic hospitality company, has been conferred a certificate of recognition for excellence in corporate governance at the 18th ICSI National Awards.
|Beejal Desai, senior vice president, legal and company secretary, and Puneet Chhatwal, MD and CEO, the Indian Hotels Company, receiving the Institute of Company Secretaries of India's excellence in corporate governance certificate|
Puneet Chhatwal, managing director and chief executive officer, IHCL, said, “It is an honour for IHCL to be recognised by ICSI, a premier national institute, for its exemplary corporate governance practices. The credit for this goes to our group Chairman, Mr N Chandrasekaran, and the board of directors, who have consistently guided us on key initiatives to keep enhancing our corporate governance. Inclusive and transparent corporate governance practices have been the company’s inherited values from the Tata group and have indeed been an integral part of the way we have done business for over a century.”
The ICSI National Award for Excellence in Corporate Governance has been established to identify, foster and reward the culture of globally evolving acceptable standards of corporate governance among Indian companies. The awardees are selected post a rigorous and comprehensive process that evaluates several parameters including board structure and process, transparency and disclosure compliances, stakeholder value enhancement, CSR and sustainability.