Nomination and Remuneration Committee. A. The company through its Board of Directors shall constitute the nomination and remuneration committee which shall comprise at least three directors, all of whom shall be non-executive directors and at least half shall be independent. Chairman of the committee shall be an independent director. Provided that the chairperson of the company (whether executive or non-executive) may be appointed as a member of the Nomination and Remuneration Committee but shall not chair such Committee.
Nomination and Remuneration Committee i. Brief description of terms of reference ii. Composition, name of members and Chairperson
Nomination and Remuneration Committee a. The Nomination and Remuneration Committee has been constituted in compliance with Section 178 of the Act, and Regulation 19 of the SEBI Listing Regulations.
Nomination and Remuneration Committee. The Nomination and Remuneration Committee comprises of Shri E.A.K. Xxxxxxxxxxxx (Chairman), Shri X.X. Xxxxx and Shri X.X. Xxxxxx. The Nomination and Remuneration Committee reviews and approves the annual salaries, performance commission, service agreements and other employment conditions for Managing/Executive directors. The Nomination and Remuneration Policy is placed on Company’s website at xxx.xxxxxxx.xx
Nomination and Remuneration Committee. 4.1 Guiding Principles for constitution of Nomination and Remuneration Committee: The Nomination and Remuneration Committee will consist of three or more non- executive directors, out of which at least one-half shall be independent director(s), provided that chairperson of the Company may be appointed as a member of this Committee but shall not chair such a Committee.
Nomination and Remuneration Committee. Page41 The Nomination and Remuneration committee of the Company comprises of Xxx. Xxxxx Xxxxxxx (Chairperson), Xx. Xxxxxxxxx Xxxx, and Xx. Xxxxxxxxx Xxxxxx. The terms of reference of the Committee are as per the provisions of the Section 178 of the Companies Act, 2013 and Regulation 19, Part D of Schedule II of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as may be applicable for the time being in force. In the financial year 2019-20, the Nomination and Remuneration Committee duly met 4 times i.e.; on 30th May, 2019, 4th September, 2019, 10th October, 2019 and 30th January 2020. The Composition of the Nomination and Remuneration Committee as on 31st March, 2020 and details of Meetings attended by the Members of the Committee are given below: Name Category No. of Meetings during the tenure of Director Held Attended Xxx. Xxxxx X. Thakkar Non – Executive & Independent Director- Chairperson 4 4 Xx. Xxxxxxxxx X. Jain Non-executive & Independent 4 4 Xx. Xxxxxxx Xxxxx Xxxxxxx Xxxxx 4 4 Nomination and Remuneration Policy: The Board has, on the recommendation of the Nomination & Remuneration Committee framed a policy for selection and appointment of Directors, Key Managerial Personnel, Senior Management, fix their remuneration and for performance evaluation of Independent Directors. The performance of the Board as a whole for the financial year was reviewed by the Committee and the performance was found to be satisfactory. Other than the stipulated lockdown period, the said policy is available for inspection at the registered office of the Company on all the working days, except Saturdays, Sundays and holidays between 11.00 a.m. and 1.00 p.m.
Nomination and Remuneration Committee. This Policy envisages the role and responsibility of the Independent Directors, Constitution of the Nomination and Remuneration Committee, term of appointment of Managerial Personnel, Directors, KMPs, Senior Management, remuneration of the Managerial Personnel, KMPs, Senior Management, Independent Directors, Stock Options to Managerial Personnel, KMPs, Senior Management, other employees, evaluation of Managerial Personnel, KMPs, Senior Management, Independent Directors, etc.
Nomination and Remuneration Committee. (a) The Board may establish a nomination and remuneration committee (the “Nomination and Remuneration Committee”). If so established, the Nomination and Remuneration Committee will consist of three (3) members to be appointed as follows:
Nomination and Remuneration Committee. 1. Formulation of the criteria for determining qualifications, positive attributes and independence of a director and recommend to the Board a policy, relating to the remuneration of the directors, key managerial personnel and other employees;
Nomination and Remuneration Committee. The Nomination and Remuneration Committee presently comprises of Capt. Bharat Sinh, Chairman, Dr. Ishapl Xxxxx Xxxx and Xxx. Xxxxxx Xxxx Kochhar as Members. The powers, role and terms of reference of the Nomination and Remuneration Committee covers the areas as contemplated under Regulation 19 and part D of Schedule II of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Section 178 of the Companies Act, 2013, besides other terms as may be referred by the Board of Directors. The terms of reference of the Nomination and Remuneration Committee, particulars of meetings held and attendance thereat are mentioned in the Corporate Governance Report forming part of this Annual Report.
