Dabur India Ltd is one of India's leading FMCG companies operating in key consumer product categories like hair care, oral care, health care, skin care, home care and foods. It has a portfolio of over 250 herbal/ayurvedic products and is a world leader in ayurveda. The company has a vision of being dedicated to the health and well-being of every household and has strong corporate governance practices and a code of ethics.
Dabur India Ltd is one of India's leading FMCG companies operating in key consumer product categories like hair care, oral care, health care, skin care, home care and foods. It has a portfolio of over 250 herbal/ayurvedic products and is a world leader in ayurveda. The company has a vision of being dedicated to the health and well-being of every household and has strong corporate governance practices and a code of ethics.
Dabur India Ltd is one of India's leading FMCG companies operating in key consumer product categories like hair care, oral care, health care, skin care, home care and foods. It has a portfolio of over 250 herbal/ayurvedic products and is a world leader in ayurveda. The company has a vision of being dedicated to the health and well-being of every household and has strong corporate governance practices and a code of ethics.
Dabur India Ltd is one of India's leading FMCG companies operating in key consumer product categories like hair care, oral care, health care, skin care, home care and foods. It has a portfolio of over 250 herbal/ayurvedic products and is a world leader in ayurveda. The company has a vision of being dedicated to the health and well-being of every household and has strong corporate governance practices and a code of ethics.
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ABOUT DABUR
Dabur India Ltd is one of the leading FMCG Companies in India. The company is also a world leader in Ayurveda with a portfolio of over 250 Herbal/Ayurvedic products. They operate in key consumer products categories like Hair Care, Oral Care, Health Care, Skin Care, Home Care and Foods. The company's FMCG portfolio includes five flagship brands with distinct brand identities, Dabur as the master brand for natural healthcare products, Vatika for premium personal care, Hajmola for.
Dabur Corporate Profile
Dabur India Ltd. is one of India’s leading FMCG Companies with Revenues of over Rs 8,500 Crore & Market Capitalisation of over Rs 72,500 Crore. Building on a legacy of quality and experience of over 135 years, Dabur is today India’s most trusted name and the world’s largest Ayurvedic and Natural Health Care Company. The ayurvedic company has a wide distribution network, covering 6.7 million retail outlets with a high penetration in both urban and rural markets.
Dabur's products also have huge presence in the overseas markets and are today available in over 100 countries across the globe. Its brands are highly popular in the Middle East, SAARC countries, Africa, US, Europe and Russia. Dabur's overseas revenue today accounts for over 27% of the total turnover.
Vision "Dedicated to the health & well being of every household"
Principles 1. Ownership: This is our company. We accept personal responsibility, and accountability to meet business needs.
2. Passion For Winning: We all are leaders in our area of responsibility, with a deep commitment to deliver results. We are determined to be the best at doing what matters most.
3. People Development: People are our most important asset. We add value through result driven training, and we encourage & reward excellence.
4. Consumer Focus: We have superior understanding of consumer needs and develop products to fulfill them better.
5. Team Work: We work together on the principle of mutual trust & transparency in a boundary-less organization. We are intellectually honest in advocating proposals, including recognizing risks.
6. Innovation: Continuous innovation in products & processes is the basis of our success.
7. Integrity: We are committed to the achievement of business success with integrity. We are honest with consumers, with business partners and with each other.
The name Dabur evokes the feeling of ‘Trust’ in the minds of the consumers and also their investors. As a publicly traded Company, Dabur India Ltd is committed to conduct business with integrity and ensuring adherence to all laws and regulations and achieving highest standards of Corporate Governance. The Company has set the highest standards in transparency to not just maintain but also grow the confidence of all its stakeholders.
Strong corporate governance, ethical corporate behaviour and fairness to all stakeholders are part of Dabur's strong 132-year-old legacy, and are embodied in their Code of Ethics & Conduct. All their operations across the globe are guided by this Code of Conduct. All employees and directors of the Company and its subsidiaries across the globe are expected to comply with both the spirit and the letter of this code, and they must affirm their compliance annually.
Corporate Governance Philosophy
At Dabur good governance practices forms part of business strategy which includes, inter alia, focus on long term value creation and protecting stakeholders interests by applying proper care, skill and diligence to business decisions. The Company has established systems, procedures and policies to ensure that its Board of Directors is well informed and well equipped to discharge its overall responsibilities and provide the Management with the strategic direction catering to exigency of long term shareholders value. It’s initiatives towards adhering to highest standards of governance include self governance, professionalization of the Board, fair and transparent processes and reporting systems and going beyond the mandated Corporate Governance requirements of SEBI. Payoffs from strong governance practices have been in the sphere of valuations, stakeholders’ confidence, market capitalization and high credit ratings in positive context apart from obtaining of awards from appropriate authorities for its brands, stocks, environmental protection, etc. These contributes to Dabur paying uninterrupted dividends to its shareholders.
GOVERNANCE STRUCTURE Dabur has a three-tier Corporate Governance Structure that is based on the principles of freedom and accountability to create long-term shareholder value. The three pillars of this structure are:
Board of Directors: The Board of Director’s mission is to represent the interest of all its shareholders in the long-term health and the overall success of the business and its financial strength. The board supervises the management of Company’s business and affairs. Board Committees: Committees such as the Audit Committee, Risk Management Committee and CSR Committee assist the Board in fulfilling its responsibilities. They focus on financial reporting, audit & internal controls, compliance issues, critical assessment & review of large capacity expansions, besides implementation and monitoring of Dabur’s CSR activities. Management Committee: Comprising the Chief Executive Officer (CEO), Chief Financial Officer (CFO) and Business Heads, this committee reviews and monitors day-to-day business operations of the company and inform the Board about the important developments.
COMMITTEES OF THE BOARD
Dabur has five Board level committees:
A) Audit Committee,
B) Nomination and Remuneration Committee,
C) Corporate Social Responsibility Committee,
D) Risk Management Committee, and
E) Stakeholders’ Relationship Committee
The Board Committees play a crucial role in the governance structure of the Company and have been constituted to deal with specific areas of concern for the company and need a closer review. The Board is responsible for constituting, assigning, co-opting and fixing the terms of reference of various Committees.
Code of Ethics & Conduct
As a transnational enterprise with over 7,000 employees and presence in over 120 countries worldwide, Dabur is fully committed to complying with local laws and regulations as well as applying a strict global Code of Conduct to all employees. All Dabur employees, Directors, business associates and anyone acting on behalf of the Company must follow the Code of Ethics & Conduct, which describes the behaviour Dabur expects of individuals. Under this code, all employees are also expected to create a harassment-free, congenial and trustworthy environment at their respective workplace. We supplement our code with detailed policies on aspects such as anti-harassment, whistle-blower protection and other issues concerning our workplace.
Disclosures by Board Members & Senior Management
The Board Members and Senior Management Personnel make disclosures to the Board periodically regarding
their dealings in the Company’s shares; and
all material, financial and commercial and other transaction with the Company;
where they have personal interest, stating that the said dealings and transactions, if any, have no potential conflict with the interests of the Company at large.
GREEN GOVERNANCE
In line with our corporate philosophy of being a Green Enterprise, Dabur has now gone Green with Governance too. As part of our Go Green initiative, the Company has been holding and convening its Board (including Committee) meetings in a paperless form, using iPads. All agenda papers concerning the meetings, including presentations, are uploaded on a web-based programme for information, perusal and comments of the Board and Committee Members. This has considerably reduced use of paper.
