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| GROUP PROFILE |
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| Corporate Governance |
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| Overview |
| 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 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. |
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| At Mahindra our Core values are sacrosanct and ethical business practices are central to whatever we do. We have always strived to go beyond compliance and have participated in voluntary reporting programs. 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. |
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| But at Mahindra, good governance goes beyond just accountability and transparency. It allows us to recognize and act to fulfill our environmental and social responsibilities too, which in turn contributes to long-term, sustainable growth. It is indeed a matter of great pride that over the years different organisations have acknowledged and awarded the corporate governance systems and practices adhered by us. This year was no different: |
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M&M Limited received the Best Governed Company 2009 Award from the Indian Merchants Chamber
and the Asian Centre for Corporate Governance and Sustainability. |
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