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2.7 Remuneration
No.
Name
Remuneration during the year (
`
)
Sitting fees
Salary and
perquisites
Commission
Total
Chairman and Managing Director
01.
S S Lalbhai
ȶ
3,35,79,394 6,73,45,100 10,09,24,494
Managing Director
02.
S A Lalbhai
ȶ
1,04,94,112
1,43,70,690 2,48,64,802
Whole-time Directors
03.
B N Mohanan
ȶ
1,29,89,067
1
-
1,29,89,067
04.
T R Gopi Kannan
ȶ
1,63,45,652
2
-
1,63,45,652
Non-executive Directors
05.
R A Shah
3,50,000
ȶ
8,78,000
12,28,000
06.
S S Baijal
4,90,000
ȶ
15,30,000
20,20,000
07.
B S Mehta
3,85,000
ȶ
14,40,000
18,25,000
08.
H S Shah
75,000
ȶ
2,93,000
3,68,000
09.
S M Datta
2,80,000
ȶ
10,80,000
13,60,000
10.
V S Rangan
3,50,000
ȶ
12,60,000
16,10,000
11.
M M Chitale
3,50,000
ȶ
13,50,000
17,00,000
12.
S A Panse
2,10,000
ȶ
9,90,000
12,00,000
13.
B R Arora
3,70,000
ȶ
13,50,000
17,20,000
1
Includes variable pay
`
19,07,000
2
Includes variable pay
`
24,58,000
Sitting fees of up to
`
ǩǫȡǦǦǦ ƎĚƑ ŞĚĚƥĿŠij ČūŠƙƥĿƥƭƥĚ ljĚĚƙ ƎîĿē ƥū ƥĺĚ sūŠȹĚNJĚČƭƥĿDŽĚ 'ĿƑĚČƥūƑƙ ljūƑ îƥƥĚŠēĿŠij ūîƑēȡ
Committee and other meetings.
ūŞŞĿƙƙĿūŠ ƭƎ ƥū ǧɼ ūlj ƥĺĚ ŠĚƥ ƎƑūǛƥ ūlj ƥĺĚ ūŞƎîŠNj ƥū ƥĺĚ sūŠȹĚNJĚČƭƥĿDŽĚ 'ĿƑĚČƥūƑƙ Džîƙ îƎƎƑūDŽĚē ċNj ƥĺĚ qĚŞċĚƑƙ ūlj
ƥĺĚ ūŞƎîŠNj îƥ ƥĺĚ Hq ĺĚŕē ūŠ cƭŕNj Ǩǭȡ ǨǦǧǮ ljūƑ î ƎĚƑĿūē ūlj ǛDŽĚ NjĚîƑƙȡ ĚljljĚČƥĿDŽĚ ƎƑĿŕ Ǧǧȡ ǨǦǧǮȦ ¹ĺĚ ūîƑē îƎƎƑūDŽĚƙȡ
DžĿƥĺĿŠ ƥĺĚ îljūƑĚƙîĿē ŕĿŞĿƥȡ ČūŞŞĿƙƙĿūŠ ƎîNjîċŕĚ ƥū ĚîČĺ sūŠȹĚNJĚČƭƥĿDŽĚ 'ĿƑĚČƥūƑȦ
3.
Committees of the Board
The Board has constituted the following Committees:
» Audit Committee
» Nomination and Remuneration Committee
» Stakeholders Relationship Committee
» Corporate Social Responsibility Committee
» Investment Committee
» Risk Management Committee
3.1 Audit Committee
3.1.1 Role
i)
Approving:
Ƚ îƎƎūĿŠƥŞĚŠƥ ūlj ƥĺĚ ĺĿĚlj GĿŠîŠČĿîŕ ~ljǛČĚƑ
Ƚ ƥƑîŠƙîČƥĿūŠƙ DžĿƥĺ ƑĚŕîƥĚē ƎîƑƥĿĚƙ îŠē ƙƭċƙĚƐƭĚŠƥ ŞūēĿǛČîƥĿūŠƙ ƥĺĚƑĚūlj
69
Corporate Governance Report