Page 27 - TCE Annual Report 2019-2020

Delivering Aspirations | Achieving Scale

iv. The TCE Board has identified the following skills/expertise/competencies fundamental for the effective
functioning of the company which are currently available with the Board:

Global Business Strategy and Planning Governance

Understanding, of global Appreciation of long-term Experience in developing
business dynamics, across trends, strategic choices governance practices, serving
various geographical and experience in guiding the best interests of all
markets, industry verticals and leading management stakeholders, maintaining
and regulatory jurisdictions. teams to make decisions in board and management
uncertain environments. accountability, building long-
term effective stakeholder
engagements and driving
corporate ethics and values.

Committees of the Board

The details pertaining to various Board Committees as on March 31, 2020 which comprises of the statutory
committees as well are as follows:

Name of the Extract of Terms of Reference Category and Other Details
Committee Composition
Corporate Social The Committee is constituted in line with the provisions of Section 135 of the Act to: Ms. Anjali Kulkarni, During the year,
Responsibility • Formulate and recommend to the Board, a CSR Policy indicating the activities to be Member Chairman TCE held 2 CSR
Committee undertaken by the Company as specified in Schedule VII of the Act. Committee
Mr. Ashok Sethi, Meetings.
• Recommend the amount of expenditure to be incurred on the activities mentioned Member Director
in the CSR Policy
Mr. Amit Sharma,
• Monitor the CSR Policy. Member Director

Nomination & The Committee is constituted in line with the provisions Section 178 of the Act. Mr. Ashok Sethi – During the year, TCE
Remuneration • Recommend to the Board the setup and composition of the Board and its Member Chairman held 5 Nomination
Committee committees. and Remuneration
Ms. Anjali Kulkarni- Committee
• Recommend to the Board the appointment/re-appointment of Directors and Key Member Director meetings as a
Managerial Personnel. good Corporate
Mr. Sriram Kadiyala- Governance
• Support the Board and Independent Directors in evaluation of the performance of Member Director Practice
the Board, its Committees and individual Directors.
• Recommend to the Board the Remuneration Policy for Directors, executive team or
Key Managerial Personnel as well as the rest of employees.
• Oversee familiarisation programs for the Directors.

Audit & Risk The Committee is constituted in line with the provisions of Section 177 of the Act. Mr. Sriram Kadiyala, During the year,
Management • Oversight of financial reporting process. Member Chairman TCE held 3 Audit &
Committee Risk Management
• Reviewing with the management, the annual financial statements and Auditors’ Mr. Ashok Sethi, Committee
Report thereon before submission to the Board for approval. Member Director Meetings as a
Good Corporate
• Evaluation of internal financial controls and risk management systems Governance
• Recommendation for appointment, remuneration and terms of appointment of Practice
auditors of the company.
• Approve policies in relation to the implementation of the Related Party Transactions.
• To consider matters with respect to the Tata Code of Conduct, Anti-bribery and Anti-
Corruption Policy and Gifts Policy.

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