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2.6 Appointment | Cessation
» Appointed: nil
» Ceased: nil
» Resigned: nil
2.7 Remuneration
No.
Name
Remuneration during the year (
`
)
Sitting fees Salary and
perquisites
Commission
Total
Chairman and Managing Director
01.
S S Lalbhai
– 2,87,06,933 4,17,10,000 7,04,16,933
Managing Director
02.
S A Lalbhai
– 95,35,077 1,30,64,250 2,25,99,327
Whole-time Directors
03.
B N Mohanan
– 1,11,43,925
– 1,11,43,925
04.
T R Gopi Kannan
– 1,39,06,933
– 1,39,06,933
Non-executive Directors
05.
R A Shah
2,80,000
–
7,80,000 10,60,000
06.
S S Baijal
4,20,000
– 13,60,000 17,80,000
07.
B S Mehta
4,20,000
–
9,60,000 13,80,000
08.
H S Shah
1,50,000
–
4,80,000 6,30,000
09.
S M Datta
3,15,000
–
9,60,000 12,75,000
10.
V S Rangan
2,80,000
–
8,71,000 11,51,000
11.
M M Chitale
1,40,000
–
8,00,000 9,40,000
12.
S A Panse
2,10,000
–
8,00,000 10,10,000
13.
B R Arora
2,10,000
–
8,00,000 10,10,000
Sitting fees of up to
`
35,000 per meeting constitute fees paid to the Non-executive Directors for attending Board,
Committee and other meetings.
Commission up to 1% of the net profit of the Company to the Non-executive Directors was approved by the Members
of the Company at the AGM held on July 26, 2013 for a period of 5 years, effective April 01, 2013. The Board approves,
within the aforesaid limit, commission payable to each Non-executive Director.
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
3.1 Audit Committee
3.1.1 Role
i)
Approving:
» appointment of the Chief Financial Officer
» transactions with Related Parties and subsequent modifications thereof