YOGESH CHANDER DEVESHWAR

ANINDIANBUSINESSMAN AND MECHANICAL ENGINEER. HE

SERVES AS THE

CHAIRMAN OFITC LIMITED.

He is an alumni of IIT Delhi. He joinedITC Limitedin 1968

ABOUT

ITC is one of Indias foremost private sector companies with a market

capitalization of over US$40 billion and a turnover of US$8 billion.

ITC has evolved over the years from a single-product company to a multibusiness corporation.

ITC is rated among the World's Best Big Companies, Asia's 'Fab 50' and the
World's Most Reputable Companies by Forbes magazine.

'India's Most Admired Company' in a survey conducted by Fortune India

magazine and Hay Group.

Y.C Deveshwar ITC believes that its aspiration to create enduring value for the
nation provides the motive force to sustain growing shareholder value

ITC is the only enterprise in the world, of comparable dimensions to be carbonpositive, water-positive, and solid waste recycling positive.

ITC also ranks among Asia's 50 best performing companies compiled by Business
Week.

ITC was founded on August 24, 1910

Headquarters Kolkata

Vission Sustain ITC's position as one of India's most valuable corporations

through world class performance, creating growing value for the Indian
economy and the Company's stakeholders

Mission- To enhance the wealth generating capability of the enterprise in a

globalising environment, delivering superior and sustainable stakeholder value

BUSINESS

Cigarettes

FMCG

Lifestyle apparel

Personal care products

Stationery

Safety Matches and Agarbattis

Hotels

Paperboard

Packaging and Printing

Information Technology

CORE VALUES

Trusteeship: To redeem the Trust of all its stakeholders by

adding value all the time.

Customer focus: To deliver to the customer his/her needs in

terms of value, quality and satisfaction.

Respect for people: To give respect and value people in all

respects.

Excellence: To do what is right, do it well and win.

Innovation: For better processes, products, services and

management practices.

Nation Orientation : To generate economic value for the

Nation by complying with applicable laws and regulations at all
levels.

CORPORATE GOVERNANCE

Create multiple drivers of growth by developing a portfolio of world

class businesses that best matches organizational capability.
Ensure that each of its businesses is world class and internationally
competitive.
: ITCs corporate governance initiative is based on two core
principles. namely:
management must have the executive freedom to drive the
enterprise forward without undue restraints and
this freedom of management should be exercised within a
framework of effective accountability.
Create distributed leadership within the organization by nurturing
talented and focused top management teams for each of the
businesses.
ITC focuses on economic liberalization, globalization ,
transparency and adopt international governance practices

GOVERNANCE STRUCTURE OF ITC

Strategic supervision by the board of directors.

Being free from involvement in the task of strategic management of

the Company, leads to sharpening accountability of management.

Strategic management by the Corporate Management Committee

Ensures uncluttered by the day-to-day tasks of executive
management, remains focused and energized

Executive management by the Divisional Chief Executive assisted by

the Divisional Management Committee

Gets focused on enhancing the quality, efficiency and

effectiveness of its business.

BOARD OF DIRECTORS

Strategic supervision of ITC and its wholly owned

subsidiaries.

Ensure that the company has clear goals relating to

shareholder value and its growth.

Periodically review its own functioning .

Provide direction, and exercise appropriate control

ITC BOARD STRUCTURE

Consists executive and non-executive directors.

Non-executive directors are expected to play a crucial role in

imparting balance to the board processes by bringing an
independent judgement to bear on issues of strategy,
performance, resources, standards of company conduct etc.

The board meets at least six times a year.

Decisions shall be taken by simple majority.

COMMITTEES OF THE ITC BOARD

Audit committee: To provide assurance to the board on the

adequacy of internal control systems and financial disclosures
Compensation committee: To recommend to the board
compensation terms
Nominations committee: To recommend to the board
nominations for membership of the CMC and the board
Investor services committee: To look into redressal of
shareholder and investors grievances
Corporate Management Committee (CMC): role of the CMC
is strategic management of the Companys businesses within
board approved direction

CORNERSTONES OF ITCS CORPORATE

Trusteeship
Transparency
Empowerment
Accountability
Control
Ethical corporate citizenship

GOVERNANCE

INDIAS SALVATION LIES IN THE UPLIFTMENT OF

THE RURAL POOR

The competitiveness of the Indian farmer has to be

significantly enhanced and he has to be effectively
linked to remunerative opportunities in world markets.

ITCs multiple businesses have created diverse farmer

partnerships.

ITCs efforts in this direction have proved that it is

possible to create and sustain a model that can harmonize
the need for shareholder value creation while making a
substantial contribution to society

E-CHOUPAL MOVEMENT

e-Choupal is an initiative of "ITC Limited "Indian

Tobacco Company, a conglomerate in India to link directly
with rural farmers via the Internet for procurement
of agricultural and aquaculture products like soybeans, wheat,
coffee, and prawns.

e-Choupal tackles the challenges posed by Indian

agriculture, characterized by fragmented farms, weak
infrastructure and the involvement of intermediaries.

The program me installs computers with Internet access in

rural areas of India to offer farmers up-to-date marketing and
agricultural information.

WHAT IS THE E-CHOUPAL MODEL?

Under this model, ITC has created and maintains its own IT network
in rural India to identify and train local farmer to manage the eChoupal

The computer, typically housed in the farmers house, is linked to

the Internet via phone lines or, increasingly, by a VSAT connection,
and serves an average of 600 farmers in 10 surrounding villages
within about a 5 km radius.

The ITC e-Choupal also acts as an alternative marketing channel,

creating enhanced competition among buyers, to the benefit of the
farmers.

WHAT IS SO SPECIAL ABOUT ITCS

E-CHOUPAL?

It is a virtual e-business. All the basic rules help create a

successful e-commerce model and being leveraged to chop costs
and boost volumes, that in turn improve revenues.

It provides an excellent example of combining social goals with

profitability.

The e-Choupal initiative also creates a direct marketing channel,

eliminating wasteful intermediation and multiple handling, thus
reducing transaction costs and making logistics efficient.

SOCIAL & FARM FORESTRY

Social forestry means the management and protection of forests and

afforestation on barren lands with the purpose of helping in the
environmental, social and rural development.

Itc has helped to bring over 114,480 hectares of waste land under the
social & farm forestry program and in a region where environment
and livelihood are threatened.

This program has become significant generator of employment,51.48

millions days of work have been provided till now.

There are 541 villages which are beneficial till date in this
programme.