Tata Steel won the Best Governed Company Award 2006 presented by the Asian Centre for Corporate Governance in Mumbai recently. Mr. Phillip Armstrong, Head, Global Corporate Governance Forum, gave away the award to Tata Steel Ltd for setting high standards in governance practices.

Tata Steel received the award for the corporate practices which have enabled the Company to direct and control its affairs in an efficient manner and maximize its shareholders value.

Mr. Mervyn King, author of King’s Committee Report on Corporate Governance, chaired the Awards Committee and the members were a mix of eminent international and Indian personalities, largely drawn from the Global Advisory Board of Asian Centre for Corporate Governance.

Asian Centre for Corporate Governance (ACCG) promotes global corporate governance principles of transparency, accountability & equity. The organization is advised by Global Advisory Board which comprise of eminent International personalities from USA, Europe & Asia including India.

Tata Steel relentlessly deploys its resources, strengths and strategies to create an EVA positive company and to continue to improve the quality of the life of its employees and the communities it serves. It does so while upholding the core values of transparency, integrity, honesty and accountability which are fundamental to the Tata Group.