3.2.2 Composition The Committee comprises following Members: No. Name Designation 1 Chairman 2 Member 3 Member 4 Sudhir Merchant Sujal Shah Gopi Kannan Thirukonda Ulrich Hambrecht Member 3.2.3 Meetings and attendance During 2017-18, no meeting was held. The Board notes the Minutes of the Nomination and Remuneration Committee meetings. 3.3 Corporate Social Responsibility Committee 3.3.1 Role i) Formulating and recommending the Corporate Social Responsibility (CSR) Policy to the Board ii) Indicating reasons to the Board in case the amount of expenditure is less than 2% of the average net profit in a given year iii) Monitoring the CSR Policy from time to time iv) Recommending the amount of expenditure to be incurred on the CSR initiatives which may not be less than 2% of the average net profit of the last 3 years 3.3.2 Composition The Committee comprises following Members: No. Name Designation 1 Gopi Kannan Thirukonda Chairman 2 Wolfgang Schumann Member 3 Sudhir Merchant Member Rudolf Atul Chemicals Ltd | Annual Report 2017-18 3.3.3 Meetings and attendance During 2017-18, 1 meeting was held. No. Name Total Attended 1 Gopi Kannan Thirukonda 1 1 2 Wolfgang Schumann 1 1 3 Sudhir Merchant 1 1 4. Company policies 4.1 Compliance Compliance certificates confirming due compliance with statutory requirements are placed at the Board meeting for review by the Directors. A system of ensuring material compliance with the laws, orders, regulations and other legal requirements concerning the business and affairs of the Company is in place. Instances of non-compliance, if any, are also separately reported to the Board and subsequently rectified.
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