Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3394.30
-148.30 (-4.19%)
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Mahindra & Mahindra joins WEF drive against corruption: Report

Date: 17-04-2013

Mahindra & Mahindra (M&M), the country’s leading SUV manufacturer, has reportedly joined WEF drive against corruption. The automobile major has become the latest Indian firm to join a global business coalition against corruption steered by the World Economic Forum (WEF).

The company has also inked on to the Partnering against Corruption Initiative (PACI) of the WEF, which involves a pledge to mitigate graft risks in their business operations and inter-corporate transactions across the supply chain.

The initiative which has domestic and global members is based on the belief that businesses mitigating corrupt practices in B2B (business to business) transactions can help create the right environment to clean up the problem at the B2G (business to government) level.

Mahindra & Mahindra is the flagship company of the Mahindra Group. The company’s core automotive and farm equipment businesses have grown into market leaders whose triple bottom line ethic is driving industry trends towards technological innovation, social responsibility, and constantly improving customer satisfaction.