Means of Communication
A half-yearly report sent to each household of shareholders, in addition to the results of the Company being published in the newspapers and posted on the website of the Company. The quarterly and annual results along with the Segmental Report are generally published in Indian Express, Nava Shakti, Free Press Journal and also displayed on the website of the Company(www.tatasteel.com) shortly after its submission to the Stock Exchanges. Official news releases and presentations made to Institutional Investors and analysts are posted on the Company’s website

Management Discussion & Analysis (MDA) Report-
The MDA Report forms a part of the Directors’ Report. All matters pertaining to industry structure and developments, opportunities and threats, segment/product wise performance, outlook, risks and concerns, internal control and systems, etc. are discussed in the said report.

Company’s Corporate Website-
The Company’s website is a comprehensive reference on Tata Steel’s management, Vision, Mission, policies, corporate governance, corporate sustainability, investor relations, sales network, updates and news. The section on “Investor Relations” seeks to inform the shareholders, by giving complete financial details, shareholding patterns, corporate benefits, information relating to stock exchange, registrars, share transfer agents and frequently asked questions. Investors can also submit their queries and get feedback through online interactive forms. The section of “Newsroom” includes all major press reports and release, awards, campaigns, etc.

Stock Information
Share holding details of the company have been furnished in Section-2.6. The performance of Tata Steel’s share in comparison to the Bombay Stock Exchange Sensex is furnished in the Figure 3.1

Independent, Non-Executive Directors in the Board (3.2)
The Independent Directors are those who apart from receiving director’s remuneration do not have any material or pecuniary relationship or transaction with the Company, its promoters, its management or its subsidiaries, which may affect the independence of the director’s judgment. A financial institution nominee is considered to be an independent director in all cases.

The Company has a Non-Executive Chairman and the number of Independent Directors is more than one-third of the total number of Directors. The number of Non-Executive Directors (NEDs) is more than 50% of the total number of Directors.

Selection of Board Members (3.3)
The Board of Directors is guided by the organization’s Vision, Mission & values. The composition of the Board of Directors is a mix of full time executives and non-executives representing business houses and financial institutions, with requisite experience in handling economic, environmental & social issues. The board members regularly review the compliance status of the organization on these issues. There is a guideline for selection of Board Members. The criteria broadly cover individual skills that would add to the composite perspective of the Board. Ability to contribute positively to Board Dynamics, Leadership skills, Contemporariness and ability to devote adequate time are some key elements taken into account in selecting Board members.