Company Overview Financial Statements Notice Statutory Reports 23 Rudolf Atul Chemicals Ltd | Annual Report 2019-20 2.4 Board meetings The Board meeting dates were normally determined well in advance. During 2019-20, the Board met four times. No. Day Date Venue 1. Tuesday April 16, 2019 Mumbai 2. Friday August 9, 2019 Atul 3. Friday November 15, 2019 Mumbai 4. Friday February 14, 2020 Mumbai 2.5 Attendance at the Board meetings and the AGM No. Name Board Meetings AGM on August 09, 2019 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 *Board meeting was attended through video conference. 2.6 Appointment | Cessation » Appointed: nil » Ceased: nil » Resigned: nil 2.7 Remuneration (`) No. Name Remuneration during 2019-20 Sitting fees Salary and perquisites Commission Total Chairman 1. Wolfgang Schumann – – – – Managing Director 2. G Venugopala Rao – 36,06,268 – 36,06,268 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 August 03, 2018 for a period of five years effective April 01, 2019. The Board approves, within the aforesaid limit, commission payable to each Independent Director.
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