Over the years, the Mahindra Group has institutionalized the highest standards of corporate governance, which have emerged as industry benchmarks. In recognition of the Company’s culture, policies, relationship with stakeholders, commitment to values and ethical business conduct, Mahindra & Mahindra has won the prestigious Business Vision 'Best Corporate Governance – India 2019' Award.
Every quarter, Business Vision seeks out individuals and organizations that shine. This search, aided by nominations from other business leaders, subscribers, journalists and industry heads – is global and not limited to any one market or country. For Mahindra & Mahindra, good corporate governance is an enabler — the Business Vision judging panel was particularly impressed by the Company’s track record for being ahead of legal requirements, and by its interactive approach to ensuring continual adaptation of governance practices to warrant the strongest possible foundation for the business. The judges were unanimous, and without hesitation, in declaring Mahindra & Mahindra as winner of the 2019 award for Best Corporate Governance (India).
Business Vision while announcing the winners said that with increasing levels of concern about globalization, the world needs examples. It needs global companies that work to the benefit of all stakeholders. Mahindra & Mahindra is one such company. While the “Three Ps” of sustainability are generally understood as People, Planet and Profit, Mahindra & Mahindra is known for adopting a fourth “P” — practicing good governance as a process.