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nd
22 Annual Report 2020-21

iii. The Board periodically reviews the compliance reports of all v. The Board has identified the following skills/expertise/
laws applicable to the Company. competencies fundamental for the effective functioning of
the Company which are currently available with the Board:
iv. Details of equity shares of the Company held by the
Directors as of March 31, 2021, are given below: Not
Applicable

Global Business Understanding global business dynamics across various geographical markets, industry verticals and regulatory jurisdictions.

Appreciation of long-term trends, strategic choices and experience in guiding and leading management teams to make decisions
Strategy and Planning
in uncertain environments.
Experience in developing governance practices, serving the best interests of all Stakeholders, maintaining Board and
Governance
Management Accountability, building long-term effective Stakeholder engagements and driving Corporate Ethics and Values.
COMMITTEES OF THE BOARD

The details about various Board Committees as of March 31, 2021, 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. Ms Anjali Kulkarni, During the year,
Responsibility Member Chairman the Company held
Committee • Formulate and recommend to the Board a CSR Policy indicating the activities to be 2 Corporate Social
undertaken by the Company as specified in Schedule VII of the Act.
Mr Ashok Sethi, Responsibility
• Recommend the amount of the expenditure to be incurred on the activities mentioned in Member Director Committee
the CSR Policy. Meetings.
Mr Amit Sharma,
Member Director

Nomination & The Committee is constituted in line with the provisions of Section 178 of the Act. Mr Ashok Sethi During the year,
Remuneration Member Chairman the Company has
Committee • Recommend to the Board the setup and composition of the Board and its committees. held 4 Nomination
• Recommend to the Board the appointment/re-appointment of Directors and Key Managerial Ms Anjali Kulkarni and Remuneration
Personnel. Member Director Committee
meetings as a
• Support the Board and Independent Directors in evaluating the performance of the Board, Mr Sriram Kadiyala good Corporate
its Committees and Individual Directors. Member Director Governance practice
• Recommend to the Board the Remuneration Policy for Directors, Executive Team or Key
Managerial Personnel, and 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 Member Chairman the Company
Committee • Oversight of financial reporting process. held 4 Audit &
• Reviewing with the management the Annual Financial Statements and Auditors’ Report Mr Ashok Sethi, Risk Management
thereon before submission to the Board for approval. Member Director Committee
Meetings as a
• Evaluation of internal financial controls and Risk Management systems Good Corporate
• Recommendation for appointment, remuneration and terms of appointment of auditors of Governance Practice
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.
Executive The Executive Committee oversees the operational review, strategic planning implementation Mr Ashok Sethi During the year,
Committee review at the Business & Cluster Level. Member Chairman the Company
held 4 Executive
Review and Achievements of Annual Business Plan. Mr Amit Sharma, Committee
Review of Key Commercial Bidding Strategy. Member Director Meetings as a
Good Corporate
Governance Practice.

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