Vedanta wins the ‘Excellence in Corporate Governance’ Award by the IOD

Vedanta Limited, India’s only diversified natural resources company, with global assets has been awarded the ‘Excellence in Corporate Governance Award' instituted by the Institute of Directors(IOD), India. This Award recognizes Vedanta’s commitment as an organization to the high standards of corporate governance for which the company a Board of Directors are accountable to all the stake holders.

“At Vedanta, we believe in conducting our company affairs with the highest levels of business ethics and personal integrity. With transparent and sound business processes, we continue to fulfill our commitments towards our stakeholders, instilling a sense of confidence in all our relationships. We are pleased to receive this award which reflects our commitment towards corporate governance, measured against global benchmarks, and aligned with the values and vision of the organization” said Mr. Tom Albanese, CEO, Vedanta.

Vedanta has strong systems, polices, audit and compliance framework in place for all the business processes and that the company iscommitted to the triple bottom line of people, planet and prosperity to create a sustainable future in a zero harm environment. Vedanta’s corporate governance frame work that encompasses Vedanta’s Code of Business Conduct and Ethics, Sustainability Framework, Company’s Act and functioning of Board, corporate disclosure practices, internal and external audit and control systems and others significant aspects.

The Golden Peacock Awards, instituted by the Institute of Directors, India in 1991, are now regarded as a benchmark of Corporate Excellence worldwide. Vedanta received the ‘Excellence in Corporate Governance Award’ under the Chairmanship of Justice M.N. Venkatachaliah, former Chief Justice, Supreme Court of India. This award for Corporate Governance stimulates and helps organizations to rapidly accelerate the pace of customer-oriented improvement process. It is a powerful self-assessment process and a way to build an organizations brand equity on 'Corporate Governance.