Tata Consulting Engineers Limited (TCE) has always been committed to following fair, transparent, and ethical governance practices. Our Board of Directors and Management Committee, comprising enlightened leaders, work together to drive the core values and guiding philosophy of TCE. We believe that good governance is an essential element in conducting business, and it helps us fulfill our responsibilities to all stakeholders. TCE's corporate governance traits are ethical business conduct and a commitment to values and integrity, which are essential in enhancing and retaining stakeholders' trust. The Management Committee takes business decisions after consulting with the Board. The Company also has a structured process of conducting timely awareness sessions (bi-annually) on important and applicable regulatory changes. For FY 2022-23, TCE conducted two such sessions.
In a complex and interconnected world, any event happening around the globe impacts most economies and organisations positively or negatively. Organisations must identify and mitigate the risks they are exposed to. It may not be possible to eliminate the threats but what matters is whether risks are treated well to ensure that the risk levels are within the risk appetite for achieving organisational objectives. TCE has developed the Enterprise Risk Management (ERM) Framework and process in line with the Business Value Chain of the Company
and best practice recommendations of Standards like ISO 31000 and the COSO framework. The company’s Risk Management procedure captures and evaluates risks throughout the project’s lifecycle, i.e., from the bid stage to the closure of the project. Risk Management System captures and shares the risk data for bids and projects through dashboards and reports to support risk reviews, mitigation and monitoring, risk reporting, etc.