Notice Statutory Reports Company Overview Financial Statements 25 Rudolf Atul Chemicals Ltd | Annual Report 2018-19 2.4 Board meetings The Board meeting dates were normally determined well in advance. During 2018-19, the Board met four times. No. Day Date Venue 1. Friday April 20, 2018 Mumbai 2. Friday August 03, 2018 Atul 3. Friday November 16, 2018 Mumbai 4. Friday February 15, 2019 Mumbai 2.5 Attendance at the Board meetings and the AGM No. Name Board Meetings AGM on August 03, 2018 Total Attended 1. Wolfgang Schumann 4 4* Present 2. G Venugopala Rao 4 4 Present 3. Ulrich Hambrecht 4 4* Present 4. Gopi Kannan Thirukonda 4 4 Present 5. Sudhir Merchant 4 4 Present 6. Sujal Shah 4 4 Present *1 Board meeting was attended through video conference. 2.6 Appointment | Cessation » Appointed: nil » Ceased: nil » Resigned: nil 2.7 Remuneration (`) No. Name Remuneration during 2018-19 Sitting fees Salary and perquisites Commission Total Chairman 1. Wolfgang Schumann – – – – Managing Director 2. G Venugopala Rao – 26,65,215 – 26,65,215 Non-executive Directors 3. Ulrich Hambrecht – – – – 4. Gopi Kannan Thirukonda – – – 5. Sudhir Merchant 90,000 – 2,00,000 2,90,000 6. Sujal Shah 80,000 – 2,00,000 2,80,000 Sitting fees of up to ` 10,000 per meeting constitute fees paid to the Independent Directors for attending the Board, Committee and other meetings. Commission up to 1% of the net profit of the Company to the Independent Directors was approved by the Members of the Company at the AGM held on July 18, 2014 for a period of five years effective April 01, 2014. The Board approves, within the aforesaid limit, commission payable to each Independent Director.
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