Board Committees and its composition

Board Committees

The Board has appointed various committees to assist it in discharging its responsibilities. The Board has adopted charters setting forth the roles and responsibilities of each of the committees as well as qualifications for committee membership, procedures for committee members' appointment and removal, committee structure and operations and reporting to the Board. The Board may constitute new committees or dissolve any existing committee as it deems necessary for the discharge of its responsibilities.

Name

Designation

Category

Mr. Deepak Nagar

Chairman

Non -Executive Director

Mrs. Sangeeta Bhardwaj

Independent Director

Independent Director

Mr. Virendra Singh Chowhan

Independent Director

Independent Director

 

Audit Committee

Composition

Objective

The Audit Committee assists the Board in its responsibility for overseeing the quality and integrity of the accounting, auditing and reporting practices of the Company and its compliance with the legal and regulatory requirements. The Committee's purpose is to oversee the accounting and financial reporting process of the Company, the audits of the Company's financial statements, the appointment, independence, performance and remuneration of the statutory auditors including the Cost auditors, the performance of internal auditors and the Company's risk management policies.

 

Nomination and Remuneration Committee

Composition

Name

Designation

Category

Mr. Virendra Singh Chowhan

Chairman

Independent Director

Mr. Dalip Nagar

Independent Director

Non -Executive Director

Mr. Deepak Nagar

Non -Executive Director

Non -Executive Director

Mrs. Sangeeta Bhardwaj

Independent Director

Independent Director

 

 

Terms of reference

The terms of reference of the Nomination and Remuneration Committee are as under:

  • To identify persons who are qualified to become Directors and who may be appointed in senior management in accordance with the criteria laid down and to recommend to the Board their appointment and/or removal;
  • To carry out evaluation of every Director’s performance;
  • To formulate 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;
  • To formulate the criteria for evaluation of Independent Directors and the Board;
  • To recommend to the Board whether to extend or continue the term of appointment of the independent director, on the basis of the report of performance evaluation of independent directors;
  • To devise a policy on Board diversity;
  • To recommend/review remuneration of the Managing Director(s) and Whole-time Director(s) based on their performance and defined assessment criteria;
  • To carry out any other function as is mandated by the Board from time to time and / or enforced by any statutory notification, amendment or modification, as may be applicable;
  • To perform such other functions as may be necessary or appropriate for the performance of its duties.
 
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