Corporate Social Responsibility (“CSR”) is strongly connected with the principles of sustainability; an organization should take decisions based not only on financial factors, but also on the social and environmental consequences. Therefore, it is the core corporate responsibility of TVM Signalling and Transportation Systems Private Limited to practice its corporate values through its commitment to grow in a socially and environmentally responsible way, while meeting the interests of its stakeholders.
CSR is the continuing commitment by business to perform ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large. CSR is clearly on capacity building, empowerment of communities, inclusive socio-economic growth, environment protection, promotion of green and energy efficient technologies, development of backward regions, and upliftment of the marginalized and under-privileged sections of the society.
The Board of directors of the Company (the “Board“) in their meeting held on August 3, 2018 has passed a resolution regarding constitution of a committee to be known as the “TSTS Corporate Social Responsibility Committee” or “CSR Committee“.
The members of the CSR Committee shall be appointed by the Board from amongst the Directors of the Company. The CSR Committee shall presently comprise of the following members:
The Board shall have exclusive power to appoint/remove any member of the CSR Committee.