Tata Steel bags Best Governed Company Award

Jamshedpur, Nov 24(UNI) Tata Steel won the Best Governed Company Award 2006, presented by the Asian Centre for Corporate Governance in Mumbai recently, company sources said here today.

Phillip Armstrong, Head of Global Corporate Governance Forum, gave away the award to Tata Steel Ltd for setting high standards in governance practices.

Tata Steel received the award for the corporate practices which have enabled the Company to direct and control its affairs in an efficient manner and maximise its shareholders value.

Mervyn King, author of King's Committee Report on Corporate Governance, chaired the Awards Committee and the members were a mix of eminent international and Indian personalities, largely drawn from the Global Advisory Board of Asian Centre for Corporate Governance.

Asian Centre for Corporate Governance (ACCG) promotes global corporate governance principles of transparency, accountability and equity.

The organisation is advised by Global Advisory Board which comprise eminent International personalities from USA, Europe and Asia including India.

UNI BDG JYN RN1906