Governance philosophy Integrity Working with honesty, following the highest standards of professionalism. Integrity is when our decisions and actions remain consistent with our thoughts and words, written or spoken. Understanding How well we work with others depends on our ways to connect and this in turn is based on our level of understanding of human relationships. This certainly does not mean that we accept poor performance, but that we do it the right way. Understanding is the external manifestation of internal realisation. Unity Working together and taking advantage of synergy while harnessing unique abilities of each of us to achieve a larger goal. Unity is the realisation that though we may work in different areas, we are finally interconnected, and that interdependence is a higher order of living than independence. Though we may be many, we share a common purpose. Responsibility Delivering value and taking ownership of actions. Responsibility must also give us the realisation that what is good for the business must be in the overall good. In essence, we must work with a spirit of trusteeship for the shareholders and other stakeholders. What comes to us must be returned many times over. Excellence A drive that is more from inside than outside; it is about us seeking to continuously improve and develop an eye for innovation even in day-to-day work. Excellence is about excelling in everything we do and not giving up. Excellence is also a journey, not simply a destination. The name ‘Atul’ is a unique asset, which represents a rich heritage of Values. In an environment where change is a way of life, continuity of Values provides stability and is fundamental to us. We have therefore formalised key Values and are committed to institutionalising them. We will seek to create an environment wherein these Values are consistently practised and nurtured and ensure that they are not compromised. Stakeholders Values As teammembers of a responsible corporate entity, we remain steadfast in our commitment to enhancing the governance framework to foster accountability and transparency. Our proactive efforts are to instil Values across our Company and endeavouring for sustained excellence in all that we undertake to create long-term value for the stakeholders. Consumers Planet Customers Government Team members Society Suppliers and business partners Shareholders Atul Ltd 26 Integrated Report 2023-24
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