Six out of eight directors on the company's board are independent
MUMBAI, India, Nov. 3 /Xinhua-PRNewswire/ -- Tata Consultancy Services,
the leading global IT services and consulting company announced that at a
meeting of the board of directors held today, Laura M Cha was appointed as an
Independent Director.
Mrs. Cha is a member of the Executive Council of the Hong Kong Special
Administrative Region (SAR) and Non-Executive Chairman of HSBC Investment
Asia Holdings Limited.
Between 2001 and 2004, Mrs. Cha served as the vice-chairman of China
Securities Regulatory Commission (CSRC), the first person to be invited from
outside Mainland China to serve in the Central government of the People's
Republic of China. Her efforts were focused on improving the corporate
governance of Chinese listed companies and the process of public issuance of
shares in China. She is currently the vice chairman of the International
Advisory Council of the CSRC.
Before joining CSRC, Mrs. Cha had 10 years experience at Hong Kong's
capital markets regulator, the Securities and Futures Commission, and was
appointed deputy chairman in 1998. She is also an Independent Non-Executive
Director of Johnson Electric Holdings, Baoshan Iron and Steel Co., and Hong
Kong Exchange and Clearing Ltd. She is also a Non-Executive Director of the
Hongkong and Shanghai Banking Corporation as well as China's Bank of
Communications. She is a member of the International Council of the Asia
Society in New York and senior advisor to Investor AB, a Swedish
conglomerate. Mrs. Cha has been awarded a Silver Bauhinia Star in 2001 by
the Hong Kong Government for her public service.
"With her experience as a regulator and policy maker, Laura Cha's
presence on the TCS board adds a new dimension to our strong, independent
board," said S. Ramadorai, CEO and MD at TCS. "Laura's experience and counsel
will be a great asset for the TCS leadership team as the company continues to
expand globally at a fast pace."
With the addition of Laura Cha to the board of directors, TCS now has six
independent directors -- former chairman of Deutsche Telecom, Ron Sommer;
Harvard professor, Clayton Christensen; former HSBC chief, Aman Mehta; former
Indian cabinet secretary, Naresh Chandra; head of Glaxo Smithkline, Asia, V.
Thyagarajan. The two non-independent directors of the company are Ratan
Tata, Chairman and S. Ramadorai, CEO and Managing Director.
About Tata Consultancy Services Ltd (TCS)
Tata Consultancy Services Limited (TCS) is the world leading information
technology consulting, services, business process outsourcing and engineering
services organization that envisioned and pioneered the adoption of the
flexible global business practices that today enable companies to operate
more efficiently and produce more value. TCS achieved this by creating and
perfecting a unique method of global deployment and delivery of high quality,
high value services and products in IT consulting and business process
outsourcing. Known as the "Global Delivery Model," this strategic services
delivery concept has reshaped the IT services industry.
More than 95% of TCS customers reward the company's reliability, passion,
creativity, and unique ability to handle the broadest range of their IT needs
by continually extending and deepening their partnerships with TCS. With
over 70,000 of the world's best trained IT consultants located in 35
countries, TCS is uniquely positioned to deliver its flexible world class
services seamlessly to any location. TCS reported consolidated revenues of
$2.97 billion (U.S.) in the fiscal year 2005-2006. The company is listed on
the National Stock Exchange and Bombay Stock Exchange in India. For more
information: http://www.tcs.com .