Project Bharti Airtel New1

8/9/2019 Project Bharti Airtel New1

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Submitted By:

Ankit MishraAnkita BhatiaAnkita AuroraAnuj BahlArpit TandonArpita Mathur

CORPORATE GOVERNANCE RATING OF

BHARTI AIRTEL


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CONTENTSTOPIC PAGE NO

Introduction of Bharti Airtel 2-3

CSR Activities of Bharti Airtel -!

Governance "etric International -Introduction #-$

Cor%orate Governance Ratin& for Bharti Airtel '

CG Ratin& for Board Accounta(ilit) *-+,

CG Ratin& for inancial .isclosers and Internal Controls ++

CG Ratin& for Shareholder ri&hts +2

CG Ratin& for Re/uneration +3-+

CG Ratin& for "ar0et Control and O1nershi% +!

CG Ratin& for Cor%orate Behavior +#

Overall CG Ratin& +$

earnin&

+'

O%inions and Su&&estions

+*-2,

BARTI AIRTE

Bharti Airtel i/ited, commonly known as Airtel, is the la!est In"ian com#any #o$i"in!telecomm%nications se$ices, hea"&%atee" at New 'elhi, In"ia( It o#eates in )* co%ntiesacoss +o%th Asia, Aica an" the Channel Islan"s( Aitel has G+- netwok in all co%nties,#o$i"in! )G, .G an" /G se$ices "e#en"in! %#on the co%nty o o#eation( Aitel is the wol"0sthi"1la!est mo2ile telecomm%nications com#any with o$e )34 million s%2sci2es acoss )*

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co%nties as o A%!%st )*4)( It is the la!est cell%la se$ice #o$i"ein In"ia, with 453(6 millions%2sci2es at the en" o A%!%st )*4)(Aitel is the thi" la!est in1co%nty mo2ile o#eato 2ys%2sci2e 2ase, 2ehin" China -o2ilean" China 7nicom(

Aitel is the la!est #o$i"e o mo2ile tele#honyan" secon" la!est #o$i"e o i8e" tele#hony

in In"ia, an" is also a #o$i"e o2oa"2an" an" s%2sci#tion tele$isionse$ices( It oes itstelecom se$ices %n"e the Airtel2an", an" is hea"e" 2y +%nil Bhati -ittal( Bhati Aitel is theist In"ian telecom se$ice #o$i"e to achie$e CiscoGol" Cetiication( It also acts as a caieo national an" intenational lon! "istance comm%nication se$ices( The com#any has as%2maine ca2le lan"in! station at Chennai, which connects the s%2maine ca2le connectin!Chennaian" +in!a#oe(

It is known o 2ein! the ist mo2ile #hone com#any in the wol" to o%tso%ceall o its 2%sinesso#eations e8ce#t maketin!, sales an" inance( Its netwok92ase stations, micowa$e links, etc(9is maintaine" 2y Eicsson, Nokia +iemens Netwok an" H%awei, an" 2%siness s%##ot is#o$i"e" 2y IB-, an" tansmission towes ae maintaine" 2y anothe com#any :Bhati Inatel

Lt"( in In"ia;( Eicsson a!ee" o the ist time to 2e #ai" 2y the min%te o installation an"maintenance o thei e&%i#ment athe than 2ein! #ai" %# ont, which allowe" Aitel to #o$i"elow call ates o 4


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tele#hones( In 466), -ittal won a 2i" to 2%il" a cell%la #hone netwok in 'elhi( In 466@, -ittal

inco#oate" the cell%la o#eations as Bhati Tele1Vent%es an" la%nche" se$ice in 'elhi( In

4663, cell%la se$ice was e8ten"e" to Himachal Pa"esh( In 4666, Bhati Ente#ises ac&%ie"

contol o T Hol"in!s, an" e8ten"e" cell%la o#eations to anataka an" An"ha Pa"esh( In

)***, Bhati ac&%ie" contol o +ky cell Comm%nications, in Chennai( In )**4, the com#any

ac&%ie" contol o +#ice Cell in Calc%tta( Bhati Ente#ises went #%2lic in )**), an" the

com#any was liste" on Bom2ay +tock E8chan!e an" National +tock E8chan!e o In"ia( In )**.,

the cell%la #hone o#eations wee e2an"e" %n"e the sin!le Aitel 2an"( In )**/, Bhati

ac&%ie" contol o He8acom an" entee" Raasthan( In )**@, Bhati e8ten"e" its netwok to

An"aman an" Nico2a( This e8#ansion allowe" it to oe $oice se$ices all acoss In"ia( In

)**6, Aitel la%nche" its ist intenational mo2ile netwok in +i Lanka( In )*4*, Aitel ac&%ie"

the Aican o#eations o the %wait 2ase" Dain Telecom(In -ach )*4),Aitel la%nche" a

mo2ile o#eation in Rwan"a(

Or&ani4ational StructureAitel0s initial o!aniational st%ct%e concentate" on the hieachy o the o#eations insi"e the

com#any as a whole( The st%ct%e "e#icte" the coes#on"in! o#eation


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CSR ACTI5ITIES O BARTI AIRTE

Co#oate +ocial Res#onsi2ility is em2e""e" in, an" 2%ilt %#on, the state" $al%es? o Bhati >

the instit%tion( These $al%es !%i"e all thei acti$ities an" each em#loyee is enco%a!e" to take

"ecisions an" "esi!n 2%siness1linke" #ocesses that ae sensiti$e to comm%nities an"

en$ionment(

e ha$e an o2li!ation to %lill to society an" the comm%nities in which we o#eate, an" hel#

im#o$e the &%ality o lie o e$eyone, to"ay an" in the %t%e( Base" on the 2asic !%i"elines

an" "iection #o$i"e" in the Co"e o Con"%ct, Bhati has %n"etaken many comm%nity

#o!ams(

Bhati?s conti2%tion to society is st%ct%e" tho%!h two channels, namely

:a; Bhati?s Co#oate +ocial Res#onsi2ility :C+R; Initiati$es, incl%"in! initiati$es %n"etaken

2y way o em#loyee mo2iliation as well as %nnin! en$ionment elate" #o!ams

:2; Bhati Fo%n"ation, a se#aate $ehicle esta2lishe" in )*** to lea" the C+R a!en"a o Bhati

Go%# o Com#anies

CSR Initiatives at BARTI AIRTE

Bhati Aitel has a nation1wi"e #esence that has !own at an e8#onential ate in the ecent yeas(

Each local oice %n"etakes s#ecial #o!ams o the local comm%nity, thee2y eachin! o%t to

#eo#le( -any #oects like mateial collection "i$e an" 2loo" "onation cam#s ae o!anie" o

the welae o the %n"e#i$ile!e" comm%nity(

Res%onse to .isaster

Bhati Aitel?s es#onse to Ts%nami 'isaste Bhati Aitel %n"etook the ollowin!

initiati$es o imme"iate elie an" eha2ilitation to Ts%nami $ictims B%ilt a mo2ile

netwok in An"aman J Nico2a islan"s in less than . months to ai" a#i" eha2ilitation

o the islan" 'onate" Rs( 4 Coe to the Pime -iniste?s Relie F%n", in a""ition to

conti2%tions om em#loyees Ceate" )6 Aitel Cisis Comm%nications centes in Tamil

Na"% Raise" eso%ces o Ts%nami $ictims 2y initiati$es s%ch as a Beneit Cicket

-atch?( Bhati Aitel "%in! -%m2ai Floo"s Bhati Aitel em#loyees clim2e" %# the towes to

estoe the netwoks so that o% c%stomes co%l" con$eniently each its em#loyees( Bhati Aitel?s es#onse to ashmi eath&%ake Bhati Aitel?s Ra#i" Res#onse Team?

es#on"e" to the ashmi eath&%ake 2y 2in!in! moe than )*** oo" #ackets an" wate

2ottles to the aecte" aea( -oney, clothes, woolens an" 2lankets wee also collecte"

om em#loyees to "isti2%te amon! eath&%ake $ictims(

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Other initiatives of Bharti Airtel

Bhati Aitel em#loyees ha$e %n"etaken $aies initiati$es to each o%t to

the local comm%nity( +ome o s%ch initiati$es ae liste" 2elow KAirtel Ashiana o

%n"e#i$ile!e" chil"en at the -ohali oice o Aitel BIL Noth tie" %# with an NGO to

"isti2%te "aily s%#l%s oo" to nee"y chil"en Aitel E8#eience Cente 2y Access -Po the 2eneit o the 2eneit o $is%ally im#aie" #eo#le as well as #eo#le om "e#i$e"

section o society -o2ile +e$ices amm% J ashmi "onate" ee me"icines, stationey, clothes an" othe

%tility items at the KMissionaries of Charity Home for Destitute -o2ile +e$ices -P J CG s%##ote" the KWalkaThon to ceate awaeness a2o%t

"ia2etes on ol" 'ia2etes 'ay?, o!anie" 2y the In"ian me"ical Association Aitel -ahaashta J Goa team $isite" the Thalassemia a" o +assoo Hos#ital to

inteact with chil"en as well as the amilies aecte" Aitel eala team $isite" an ol" a!e home an" shae" a "ay %ll o %n with the mem2es

o the home A tee #lantation "i$e was caie" o%t 2y Access1NCR, Access1Noth an" Access17P

est Cicles, whee in ee tee sa#lin!s wee #lante"( Aitel -a"hya Pa"esh J

Chhattis!ah #lante" tees on its o%th Cicle Ince#tion 'ay? In Tamil Na"%, Aitel has a"o#te" a co#oation #ak in Chennai city(

-o2ile +e$ices Raasthan s%##ote" the Re" Ri22on Caa$an? initiati$e o the

Raasthan +tate AI'+ Contol +ociety, to s#ea" awaeness a2o%t HIV< AI'+( '%in! the

month1lon! cam#ai!n a caa$an o i$e $ans co$ee" .) "isticts o Raasthan, to s#ea"

the awaeness o HIV< AI'+( Aitel 'elhi o!anie" a Bloo" 'onation Cam# in association with In"ian Re" Coss

+ociety

Bharti oundation

Altho%!h C+R is e8ec%te" at all le$els in the o!aniation, the Pomotes o Bhati Ente#ises

esta2lishe" Bhati Fo%n"ation in )*** with a $ision, KTo hel# %n"e#i$ile!e" chil"en an"

yo%th o o% co%nty ealie thei #otential( Bhati Fo%n"ation?s mission is to ceate an" s%##ot

#o!ams that 2in! a2o%t s%staina2le chan!es tho%!h e"%cation, %se o technolo!y an"

inomation an" 2est #actice shain!( Bhati Fo%n"ation has esta2lishe" itsel the !oals o

im#o$in! accessi2ility an" &%ality o e"%cation at the school le$el o %n"e#i$ile!e" chil"en,

an" to #o$i"e e"%cation an" tainin! o##ot%nities to yo%th(

GO5ERNANCE "ETRIC INTERNATIONAs

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G-I is a #ionee in #o$i"in! in"e#en"ent Co#oate Go$enance, E+G an" Acco%ntin! Risk

atin!s( It was the ist a!ency to ate Co#oate Go$enance #actices o ims in )*** an" has

2een contin%in! to "o so since then( At #esent it #o$i"es CG atin!s to /463 ims? wol"wi"e(

The G-I atin! e#ot incl%"es a s%mmay o the com#any0s o$eall !o$enance #oile alon!

with an analysis on each o the si8 eseach cate!oies em#loye" 2y G-I

Boa" Acco%nta2ility

Financial 'isclos%e an" Intenal Contols

+haehol"e Ri!hts

E8ec%ti$e Com#ensation

-aket o Contol an" Owneshi# Base

Co#oate Beha$io an" C+R Iss%es

In a""ition to an o$eall G-I atin! the com#any !i$es, thee is a se#aate atin! !i$en each o

the a2o$e mentione" si8 eseach cate!oies( Theeoe the atin! hi!hli!hts the com#anies with

!oo" !o$enance atti2%tes, i"entiies "eicient aeas in com#anies with an othewise acce#ta2le

!o$enance #oile an" 2in!s to attention those com#anies with a!ile co#oate !o$enance

achitect%e o #actices( As an a""itional tool, G-I #o$i"es a Me" la!M se$ice to alet

s%2sci2es a2o%t a !o$enance iss%e that has the #otential to aect shaehol"e $al%e(

"ethodolo&)

G-I atin! metho"olo!y is 2ase" on sec%ities e!%lations, stock e8chan!e listin! e&%iements

an" $aio%s co#oate !o$enance co"es an" #inci#les( G-I?s o2ecti$e atin! metho"olo!y,

2ase" on Kyes, Kno o Knot "isclose" es#onses to its metics, meas%es how com#anies

com#ae on stan"a"s o co#oate !o$enance( The G-I eseach #ocess stats with a e$iew o

all ele$ant #%2lic "ata, incl%"in! e!%latoy ilin!s, com#any we2sites, news se$ices an" othe

we2sites( The "ata collecte" om all these so%ces ae entee" into a elational "ata2ase( Once

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the eseach tem#late answes ha$e 2een com#ile" an" ha$e 2een s%2ecte" to $aio%s &%ality

contol checks, "ata enty e#ots ae sent to each com#any in the G-I %ni$ese o a inal

acc%acy check( Ate any com#any a"%stments ae ma"e, the "ata ae locke" an" G-I %ns a

#o#ietay scoin! al!oithm that calc%lates an" assi!ns atin!s to each com#any( The

Com#anies ae scoe" on a scale o 4(* :lowest; to 4*(* :hi!hest; an" ae always scoe" elati$e

to the othe com#anies in G-I eseach %ni$ese( The Com#anies ae assi!ne" 4/ atin!s 2y

G-I( The ist ae G-I !lo2al atin!s( The Glo2al atin!s ae "esi!ne" to "emonstate the

com#aison o each com#any0s !o$enance #oile with all othes in the G-I %ni$ese( The

Glo2al atin!s incl%"e an o$eall G-I scoe an" se#aate scoes o each o G-I0s si8 eseach

cate!oies( Each com#any ate" 2y G-I also ecei$es Mhome maketM atin!s that shows how

well its !o$enance #olicies an" #actices ae com#ae" to othes in its home co%nty o e!ion(

The Home maket atin!s also incl%"e an o$eall G-I scoe an" se#aate scoes o each o

G-I0s si8 cate!oies o analysis(

The Ratin&s is as follo1s6

A atin! o 6(* o hi!he is consi"ee" to 2e well a2o$e1a$ea!e(

A atin! o (@ to 5(@ is consi"ee" to 2e a2o$e1a$ea!e

A atin! o 3(* to (* is consi"ee" a$ea!e

A atin! o .(@ to @(@ is consi"ee" to 2e 2elow1a$ea!e

A atin! o .(* o less is consi"ee" well 2elow1a$ea!e


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Cor%orate Governance Ratin& for Bharti Airtel

In o"e to calc%late the o$eall co#oate !o$enance atin!s o Bhati Aitel, in each o the

3 cate!oies, each &%estion has 2een !i$en e&%al wei!hta!e( -oeo$e, since each cate!oy has a

"ieent n%m2e o &%estions, it has 2een scale" "own to 4*, wheein each a$oa2le answe

attacts 4 #oint( The cate!oy atin! has then 2een calc%late" as the n%m2e o #oints "i$i"e" 2y

the total n%m2e o &%estions m%lti#lie" 2y 4*(

In o"e to ai$e at the o$eall atin!, we ha$e assi!ne" wei!hts to each o the a2o$e cate!oies(

hile assi!nin! these wei!hts we ha$e consi"ee" the $iew#oint o the in$estos an" !eneally

acce#te" co#oate !o$enance #actices an" the kin" o in"%sty in which the com#any is

#esent( Inte!ity o inancial statements an" ethical 2eha$io o the 2oa" an" to# mana!ement

ae consi"ee" to 2e the key o2ecti$es o so%n" co#oate !o$enance( Any kin" o a%"%lent o

in$esti!ation #etainin! to acco%ntin! ie!%laities in the case o Bhati Aitel has 2een

consi"ee" a mao concen o in$estos o the com#any with e!a" to co#oate !o$enance

#oce"%es im#lement within the com#any( Also since G-I is in$ol$e" in #o$i"in! home

maket atin! as well as Glo2al atin!, in the case o Bhati Aitel we ha$e !one o Home

maket atin! (The ollowin! ha$e 2een hi!hli!hte" in the Boa" Acco%nta2ility an" Financial

'isclos%e an" Intenal Contols cate!oy( e ha$e assi!ne" wei!hts o )5 an" .) to each o

the cate!oy( The com#any 2ein! a lea"e in telecom secto, its coe 2%siness is not elate" to

en$ionmental iss%es o any la2o elate" iss%es , howe$e iss%es s%ch the o$eall co#oate

c%lt%e that is #e$alent in the o!aniation an" how the wok en$ionment moti$ates em#loyees

to oin the o!aniation ha$e 2een hi!hli!hte" in this case( Hence we ha$e assi!ne" a wei!hta!e

o 4* to the cate!oy Co#oate Beha$io since it wo%l" %stiy easons why one sho%l" wok

in Bhati Aitel( Bhati Aitel 2ein! a #%2licly liste" com#any an" is e8#ecte" to ha$e cetain

#oce"%es to a""ess shaehol"e concens an" ass%e the i!hts o the shaehol"es( To

em#hasie this #oint we ha$e assi!ne" 4@ wei!ht to the cate!oy +haehol"e i!hts(

Rem%neation committee an" -aket o contol ha$e 2een assi!ne" wei!hts o an" 5

es#ecti$ely(

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BOAR. ACCO7NTABIIT8

Com2ine" Chai


11/21

Anal)sis of the ratin&6-

+%nil Bhati -ittal is the Chaiman an" -ana!in! 'iecto(

-( N( %ma is the lea" "iecto since A#il, )*4*(

Thee ae si8teen mem2es on the Aitel Boa" with an e8ec%ti$e Chaiman 'iecto,

2esi"e si8 non1e8ec%ti$e an" ei!ht non1e8ec%ti$e in"e#en"ent "iectos( Thee o the

Boa" mem2es incl%"in! Chaiman J -ana!in! 'iecto ae o%n"e mem2es(

Ann%al !eneal meetin!s ae 2ein! hel"(

New 2oa" mem2es? selection is es#onsi2ility o the whole 2oa" an" also a##o$e" 2ythe shaehol"es at the ann%al !eneal meetin!(

The non1in"e#en"ent "iectos


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INANCIA .ISCOS7RE AN. INTERNA CONTROS

A%"it committee whollycom#ose" o in"e#en"entmem2es

NoHa"a mateial eanin!s estatement in the#ast thee yeas :!eate than i$e #ecento net income o =)@-, whiche$e is less;

No

At least one mem2e o thea%"it committee se$es on

the 2oa"s o o% o moe#%2lic com#anies

esC%ently %n"e omalin$esti!ation o acco%ntin!

ie!%laities

es

At least one non1e8ec%ti$emem2e o the a%"it committeehas e8#etise in acco%ntin! oinancial mana!ement

esHas taken two o moe %n%s%al an" non1ec%in! cha!es :e#esentin! i$e#ecent o moe o e$en%e, i$e #ecento moe o shaehol"es e&%ity :netassets; o moe than =@**- in total;within the last thee yeas

No

Non1e8ec%ti$e mem2es o thea%"it committee with e8#etisein acco%ntin! o inancialmana!ement om a maoityo the committee

es+omeone othe than senio mana!ement:s%ch as the a%"it committee,shaehol"es o the 2oa"; has solea%thoity to hie an" ie the com#any?so%tsi"e a%"ito

es

Chai o the a%"itcommittee is non1e8ec%ti$e an" has

e8#etise in acco%ntin!o inancial mana!ement

esA%"it committee has sole a%thoity toa##o$e any non1a%"it se$ices om thecom#any0s o%tsi"e a%"ito

es

At least one non1e8ec%ti$emem2e o the a%"it committeehas s%2stantial in"%styknowle"!e

es-akes com#ehensi$e "isclos%es onits ente#ise isk mana!ement #olicies:ER-; in its ann%al e#ot o in othe#%2licly a$aila2le so%ces

es

Non1e8ec%ti$e mem2eso the a%"it committeewith s%2stantial in"%styknowle"!e om amaoity o thecommittee

NoThe 2oa" has a"o#te" a se#aatecommittee o s%2committee es#onsi2leo o$esi!ht o isk mana!ement es

Chai o the a%"itcommittee is non1e8ec%ti$e an" hass%2stantial in"%sty

knowle"!e

esAt least one non1e8ec%ti$e mem2e othe isk committee o the 2oa" hase8#etise in isk mana!ement

No

Pai" its a%"ito less o a%"itan" a%"it elate" se$icesthan o othe se$ices in thelast yea e#ote"

NoAt least one non1e8ec%ti$e mem2e o theisk committee has s%2stantial in"%styknowle"!e

es

Anal)sis of the Ratin&6-

Fom the ta2le a2o$e, thee is s%icient amo%nt e8#etise in the a%"it committee o BhatiAitel, which is a ai in"ication as a "ecision makin! an" acc%acy o the com#any?s inancial"ata is concene"( Howe$e "%e to the act that the com#any is 2ein! in$esti!ate" 2y the!o$enment on the 2asis o im#o#e acco%ntin! o License ees an" s#ect%m cha!es wo%l"

aise iss%es e!a"in! its acco%ntin! #oce"%es an" o$eall tans#aency e!a"in! inancial"isclos%es (The isk mana!ement committee on the othe han" lacks e8#etise in iskmana!ement, an" hence Bhati Aitel %n"escoes in isk mana!ement( It scoes hi!h on thisas#ect "%e to the act that it !i$es #atic%la im#otance to its a%"itin! #ocess(

The inal Ratin& for inancial .isclosure and Internal Controls

Ratin&6 9+:+';$$

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SAREO.ERS RIGTS

All common o o"inaye&%ity shaes ha$e one1shae, one1$ote, with noestictions

No

+haehol"es can con$ene anEG- with 4* o less o theshaes

es

Votin! i!hts ca##e" at a cetain#ecenta!e, no matte how manyshaes the in$esto owns

No

Coni"ential $otin! with no oeasona2le e8ce#tions e

s

Votin! i!hts "ieent o"omestic o non1esi"ent in$estos N

o

C%m%lati$e $otin! in the electiono "iectos e

s

Votin! i!hts "ieent "e#en"in!on the "%ation o owneshi# N

o

All $ote es%lts o the lastshaehol"e meetin! "isclose"within 4/ calen"a "ays o themeetin!

es

-inim%m hol"in! #eio" in o"eto $ote No

+haeownes can actin concet tho%!hwittencomm%nication

es

Anal)sis of the Ratin&6-

The shaehol"in! #atten an" contol a##eas to 2e a!mente", as the %ll contol o the

shaehol"in! is not in the han"s o ew( Howe$e, thee is consi"ea2ly la!e amo%nt o contol

"il%tion "esci2in! the e"%ction in owneshi# #ecenta!e o loss o a contollin! shae o an

in$estment0s stock hi!h is not a !oo" si!n o the com#any( As a as the to#ic o ai election o

"iectos an" "isclos%e o shaehol"e?s meetin! ae concene", Bhati Aitel has 2een %lly

tans#aent in these mattes (The only !ey aea that emains is that o contol "il%tion(

The inal Ratin& for Shareholders Ri&hts

Ratin&6 9':+,;


14/21

Rem%neation committeewholly com#ose" oin"e#en"ent mem2es

No+haehol"es ha$e the a2ility toaect em%neation #olicytho%!h shaehol"e a##o$alo the em%neation committeee#ot, the #o8y0s

Com#ensation 'isc%ssion an"Analysis section o somethin!com#aa2le :M+ay on PayM;

es

'iscloses s#eciic n%meic#eomance ta!ets o the%#comin! iscal yea o atleast one o the#eomance o2ecti$es :not%st a ta!et awa"#ecenta!e o salay;

NoThe em%neation committeehas "iscetion to alte theciteia an"


15/21

The e8ec%ti$e "iectos? em%neation has two com#onents i8e" #ay an" $aia2le #ay(

hile the i8e" #ay is #ai" to the "iectos on a monthly 2asis, the $aia2le #ay is #ai" on

the 2asis o in"i$i"%al #eomance ate the en" o the inancial yea(

-( -ano ohliwas awa"e" /**,*** stock o#tions at a "isco%nte" e8ecise #ice o

Rs(@ #e o#tion, with "ieential $estin! #eio" s#ea" o$e @ yeas(

Rem%neation Committee s%2mits its #o#osal in ont o AG-( An" shaehol"es

a##o$e thei ecommen"ations(

The inal Ratin& for Shareholders Ri&hts

Ratin& 69 *:+2;!

14


16/21

"AR?ET OR CONTRO AN. O@NERSIP

+in!le shaehol"e contols oshaehol"e !o%# actin!

to!ethe contol o$e @* othe com#any0s $otin! #owe:M-aoity OwneM;

No

Has a"o#te" a shaehol"e i!hts#lan :M#oison #illM; No

In$ol$e" in a seies o coss1shaehol"in!s with othe :elate"o %nelate"; com#anies

es

+haehol"e i!hts #lan:M#oison #illM; has 2een atiie"2y a shaehol"e $ote

No

Has a sta!!ee" :Mclassiie"M;2oa" e

s

+haehol"e i!hts #lanincl%"es a TI'E #o$isiono a thee1yea s%nset#o$ision

NA

'iectos can 2e emo$e" witho%tca%se No

+haehol"e i!hts #lan incl%"esa #o$ision allowin! it to 2ee"eeme" 2y a $ote o themaoity o shaehol"es othethan the #otential ac&%ie:Mchewa2leM #ill;

es

Fai #ice #o$ision is in #lace othe com#any is s%2ect to ai#ice #otection %n"e a##lica2lelaw

es

The com#any has a %nilateali!ht to amen" the2y1laws


17/21

Ratin&6 9+,:+,;


18/21

O5ERA RATING O BARTI AIRTE

The o$eall atin! consi"ein! the si8 "ieent cate!oies is as ollows

)5S:4/


19/21

EARNING

e come to know that the com#any is consi"ee" way a2o$e a$ea!e in tems o o$eall

atin! 2y G-I( Also the com#any has shown e8cellence in the cate!oies o maket o contol, co#oate

2eha$io, em%neations an" i!hts o shaehol"es #o$in! that it has maintaine" hi!hest

stan"a"s o co#oate !o$enance an" e!%latoy com#liance an" has com#lie" with the

necessay noms

ROO" OR I"PRO5E"ENT

In tems o in"i$i"%al co#oate !o$enance cate!oies moe im#o$ement mi!ht 2e e&%ie" in

tems o 2oa" acco%nta2ility an" inancial "isclos%es an" intenal contols whee c%ently the

com#any is acin! cha!es o money la%n"ein! maket contol an" inancial ie!%laities in case

o the )! s#ect%m allocation(

OPINIONS AN. S7GGESTIONS

1!


20/21

O%inions6

Goo" Co#oate Go$enance #actices ae chaacteie" 2y a im commitment an"

a"o#tion o ethical #actices 2y an o!aniation in all its "ealin! with a wi"e !o%# ostakehol"es( Co#oate Go$enance !oes 2eyon" the #actices enshine" in the laws an"

is im2i2e" in the 2asic 2%siness ethics an" $al%es that nee"s to 2e a"hee" to in lette an"s#iit( Howe$e a tans#aent, ethical an" es#onsi2le co#oate !o$enance amewokessentially emanates om the intinsic will an" #assion o !oo" !o$enance in!aine" inthe o!aniation(

ith the inceasin! com#le8ity in 2%siness o o!aniations, so%n" !o$enance #actices

ae in"is#ensi2le to 2%il" an" s%stain t%st in all its stakehol"es( The ecent !lo2al#henomenon like the inancial melt"own, me!a co#oate ail%es an" a%"s hashei!htene" the co#oate !o$enance #actices an" the nee" o tans#aency an" ston!2%siness ethics(

Goo" co#oate !o$enance #actices ae also essential o a s%staina2le 2%siness mo"elo !eneatin! lon! tem $al%e o all its stakehol"es(

Bhati Aitel has $ey hi!h ca#a2ility with es#ect to co#oate !o$enance an" $al%e

ceation o all its stakehol"es is the hi!hest(

The atin! elects Bhati Aitel?s o%tstan"in! co#oate !o$enance #actices( The

com#any has a well1e8#eience" an" $ey com#etent 2oa" o "iectos, with e8#etise

acoss !lo2al inance, telecomm%nication, 2ankin!, an" a"ministati$e se$ices an"

cons%ltin!, Cisil sai" in a statement(

The 2oa" has "emonstate" e8em#lay #actices in co#oate !o$enance, oc%sin! on

state!ic o$esi!ht an" 2%siness #eomance, #ocesses, systems, a%"its, an" "isclos%es,

an" eecti$e %nctionin! o its $aio%s s%21committees(

The Bhati Aitel 2oa" #o$i"es ston! state!ic "iection an" mana!ement o$esi!ht

ai"e" 2y the meanin!%l conti2%tion o the in"e#en"ent "iectos to the 2oa"?s

%nctionin!, an" the ston! ca#a2ilities o Bhati Aitel?s o#eatin! mana!ement( Thecom#any has "emonstate" commitment to contin%o%sly im#o$e its #ocesses in line

with the inceasin! com#le8ity o its 2%siness, it a""e"(

Anothe eat%e o !oo" co#oate !o$enance at Bhati Aitel is the act that in"e#en"ent

"iectos meet se#aately 2eoe the 2oa" meetin!s( These meetin!s ae #esi"e" 2y a

lea" in"e#en"ent "iecto(

1"


21/21

This !i$es in"e#en"ent "iectos a #latom to i"entiy aeas whee they nee" moe

claity o inomation, an" then #%t this 2eoe the 2oa" o mana!ement( The

in"e#en"ent "iectos also meet with stat%toy a%"itos witho%t the #esence o e8ec%ti$e

mana!ement(

Su&&estions6

The com#any can a"o#t some sot o maoity $otin! in the election o "iectos(

Rem%neation committee has 3 mem2es o which only @ ae in"e#en"ent( This sho%l"

not 2e the case an" has to 2e im#o$ise" %#on( At least one "iecto sho%l" se$e on the 2oa"s o o% o moe #%2lic com#anies(

Bhati Fo%n"ation was set %# in )*** as the #hilantho#ic am o the Bhati Go%# o Com#aniesto hel# 2i"!e the e"%cation "i$i"e 2etween %2an an" %al In"ia 2y conti2%tin! towa"s the

e"%cation secto in a meanin!%l an" s%2stantial way( ith this intent, the +atya Bhati +choolPo!am was la%nche" in )**3 to "eli$e ee &%ality e"%cation to %n"e#i$ile!e" chil"en inthe %al #ockets, oc%sin! #imaily on the !il chil" an" chil"en 2elon!in! to the minoitycomm%nities( The #o!am aims at holistic "e$elo#ment o chil"en, hel#in! them !ow intoconi"ent, em#loya2le an" socially es#onsi2le citiens( C%ently, moe than ..,*** chil"en aeEnolle" in )@. +atya Bhati +chools :incl%"in! ).3 #imay, 4) elementay an" i$e seniosecon"ay schools; acoss si8 In"ian states( The intent o the #o!am is to "e$elo# scala2le,s%staina2le an" e#lica2le com#onents o &%ality e"%cation to make a la!e scale im#act on thee"%cation secto as a whole(

+o it can ty to im#o$e the 2ase in this aea an" ty to o#en moe schools an" instit%tions

in o"e to each o%t to moe an" moe %n"e#i$ile!e" chil"en( Com#any has "one a lot o conti2%tion in makin! the en$ionment !eene 2y the "ay

2%t it can also look towa"s acti$ities like waste mana!ement an" tyin! to #o$i"e

#imay as well as secon"ay incomes tho%!h this metho"( Hence it can 2ette cate to em#loyment %sin! s%ch initiati$es(

2#

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