Essay about Leading Change at Tata Motors

2631 Words May 15th, 2012 11 Pages
Leading Change at TATA Motors
Established in 1954, TATA Motors Limited is India's largest integrated automobile company, with consolidated revenues of 20 billion USD in 2009-10. It is the leader in commercial vehicles in each segment, and among the top three in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. The company is the world's fourth largest truck manufacturer, and the world's largest bus manufacturer. TATA Motors in 2005 was ranked among the top 10 corporations in India. In 2010, TATA surpassed Reliance to win the coveted title of 'India's most valuable brand' in an annual survey conducted by Brand Finance and The Economic Times. The company's 24,000 employees are guided by
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TATA's dealerships, sales, service and spare parts network comprises over 3500 touch points.
The Board of Directors along with its committees provides leadership and guidance to the company’s management and directs, supervises, and controls the performance of the company as a whole. The composition of the Board of Directors is governed by the Companies Act in 1956. The board has a combination of executive and non-executive directors presently comprised of twelve members in which ten are non-executive. The company has a non-executive chairman and four independent directors that comprise more than one third of the total strength of the board. The board also includes a Managing Director and an Executive Director. The Managing Director is responsible for the conduct of the business as also the day-to-day affairs of the Company. The Executive Director is in-charge of the Finance and Corporate Affairs’ functions of the Company. The role of the Chairman and the Managing Director (CEO) are distinct and separate. None of the directors on the company’s board is a member of more than ten committees and chairman of more than five committees (committees being, Audit Committee and Investors’ Grievance Committee) across all the companies in which he is a director. All directors have made necessary disclosures regarding committee positions held by them in other companies. Also, none of the directors on

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