VEDANTA RESOURCES '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 is committed 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.
Vedanta Limited (Vedanta Ltd) is a diversified natural resources company, whose business primarily involves exploring and processing minerals and oil & gas. The Company produces oil & gas, zinc, lead, silver, copper, iron ore, aluminium and commercial power and has a presence across India, South Africa, Namibia, Ireland, Australia, Liberia and Sri Lanka.
Vedanta Ltd, formerly Sesa Sterlite Ltd. is the Indian subsidiary of Vedanta Resources Plc, a London-listed company. Governance and Sustainable Development are at the core of Vedanta's strategy, with a strong focus on health, safety and environment and on enhancing the lives of local communities. Vedanta Ltd is listed on the Bombay Stock Exchange and the National Stock Exchange in India and has ADRs listed on the New York Stock Exchange.
President - Group Sustainability, CSR and Communications
Tel: +91 22 6646 1000
gc@vedanta.co.in
Disclaimer
This press release contains 'forward-looking statements' - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' 'should' or 'will.' Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
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