Familiarization Programs For Independent Directors
Familiarization Programs For Independent Directors
Preamble
In terms of Regulation 25(7) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company shall familiarize the independent directors with the company, their roles, rights, responsibilities in the company, nature of the industry in which the company operates, business model of the company, etc., through various programmes.
Purpose
The Familiarization Programmes are aimed to familiarize the independent directors with the company, their roles responsibilities in the company, nature of industry in which the company operates and business model of the company by imparting suitable training sessions.
Familiarisation Policy
1. The Company shall periodically organise familiarisation programme for the Independent Directors to appraise them with the business operations of the Company as also to know their roles, rights and responsibilities in the Company to enable them to make effective contribution and discharge their functions as a Board Member.
2. Familiarisation Program for Independent Directors shall include:
- Industry overview and business structure of the Company;
- Operation overview and product knowledge;
- Overview of Sales & Marketing strategies;
- Financial Statements, Financial Ratios and other performance parameters used for control process;
- Statutory compliances required to be fulfilled by the Company.
The policy shall be disclosed on the company’s website and a web link thereto shall be provided in the Annual Report.
Details of Familiarization sessions held pursuant to the Policy are as follows:
Date of program
|
Area covered
|
August 14, 2019
|
Industry Overview
|
February 14, 2020
|
Business structure of the Company
|
|
|
Details of attendance of Independent Directors in Familiarization Sessions are as follows:
Sr. No.
|
Name of Independent Director
|
No. of the Sessions attended
|
No. of hours spent in the Sessions attended
|
|
|
FY 2019-20
|
Cumulative till date
|
FY 2019-20
|
Cumulative till date
|
1
|
Mr. K. R. Srinivasan
|
1
|
11
|
2
|
22
|
2
|
Mr. Padmanabh Gopal Aiyar
|
1
|
11
|
2
|
22
|
3
|
Dr. (Mrs.) Hemalatha Thiagarajan
|
1
|
6
|
2
|
12
|
4
|
Mr. Rivkaran Chadha
|
2
|
12
|
4
|
24
|
5
|
Mr. Samu Devarajan
|
2
|
5
|
4
|
10
|
Subsidiary Financials 2014-15
Subsidiary Financials 2015-16
Subsidiary Financials 2016-17
Subsidiary Financials 2017-18
Subsidiary Financials 2018-19
Subsidiary Financials 2019-20