Mindtree is named ‘Best Corporate Governance India’, 2013 by World Finance magazine and ranked second in ‘Best Overall for Corporate Governance (in India)’ by Asiamoney
Global IT solutions company Mindtree has announced that it has won two awards for its practices in corporate governance.
World Finance Corporate Governance Awards 2013
Mindtree won the award for ‘Best Corporate Governance India’, 2013 by World Finance magazine. Rostow Ravanan, CFO Mindtree, Krishnakumar Natarajan, CEO & MD, Mindtree and Tridip Saha, General Manager & Head of UK, Mindtree received the award at The London Stock Exchange.
“Part of successful corporate governance is management’s acceptance of shareholders as the owners of a corporation and acknowledging management’s role as trustees on behalf of the shareholders,” said a spokesperson for World Finance. “Mindtree consistently lives its commitment to values, ethical business conduct and makes a distinction between personal and corporate funds in the management of the company. Mindtree continues to provide a corporate governance model for its peer companies to emulate.”
World Finance assessment criteria included governance structure, board composition and transparency. In the assessment, Mindtree scored particularly highly in the areas of investor relations quality, client appraisals, commitment to social responsibility and future growth predictions.
Asiamoney Corporate Governance Poll 2012
Mindtree topped the category of "Best for Investor Relations in India and also ranked second in India for overall corporate governance, best for disclosure and transparency, best for shareholders' rights and equitable treatment, best for responsibilities of management and the board of dDirectors.
Asiamoney invites CEOs, CIOs and senior executives from fund management and hedge fund companies in the Asia-Pacific region, as well as heads of research and senior analysts in brokerages across the region, to participate in the Corporate Governance Poll.
“Good corporate governance is delivering sustainable and industry leading financial performance. We are fully committed to building Mindtree into a memorable company and delivering value to all our stakeholders. It is a great honor to receive these awards. We will continue to conduct our business in line with the highest ethical & governance standards.” said Rostow Ravanan, CFO, Mindtree Ltd.
“It is important for organisations to implement systems and procedures to enable corporate governance. This assures the transparency in business, further reiterating the commitment towards building a sustainable & valuable business. The wins from World Finance & Asiamoney showcase our continued commitment to all our stakeholders. We are very happy to be chosen for these corporate governance honors once again,” said Krishnakumar Natarajan, CEO and managing director, Mindtree, Ltd.