TCS bags 'Best Governed Company' award

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Mumbai, Nov 20 (UNI) Tata Consultancy Services (TCS) has bagged the ''Best Governed Company'' award, given by Asian Centre for Corporate Governance&Sustainability.

TCS chief operating officer A N Chandrashekaran today received the award from Maharashtra Finance Minister Jayant Patil at a function held here.

Other winners were ACC for 'Best Audit Committee', and Dr Reddy's for 'Company with best CSR&Sustainability Practices'.

In the individual catagory, special prize for the ''Best Woman Director'' went to Dr Swati Piramal, ''Best Independent Director'' to Narayan Vagul of ICICI and ''Transformational Leader'' to A M Nayak of L&T.

Speaking at the function, Mr Patil said, ''The country was yet to see good governance and a lot of work need to be done before reaching the level. An amount of Rs 46,000 crore has been earmarked to transform Mumbai that would include a mono rail system, parallel roadways to decongest south Mumbai and divert traffic to western and eastern parts of the city which will be in place in three-four years.'' He said a sustainability plan for the city's municipality was on board, with a German company hired to study feasibility in Kapoli- new Panvel airport area, Kalyan and Bhayander areas.

Mumbaikars could also expect a facility to lodge telephonic complaints with assured reply from responsible corporation in the next five-seven months, he added.

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