Company Overview Financial Statements Notice Statutory Reports 23 Rudolf Atul Chemicals Ltd | Annual Report 2021-22 3.2. Corporate Social Responsibility Committee 3.2.1. Role i) Formulating and recommending the Corporate Social Responsibility (CSR) Policy to the Board ii) Formulating and recommending to the Board the annual action plan, which will include: a) the list of CSR projects or programs that are to be undertaken b) the manner of execution c) the modalities of utilisation of funds and implementation schedules d) monitoring and reporting mechanism e) details of need and impact assessment iii) Indicating reasons to the Board in case the amount of expenditure is less than 2% of the average net profit in a given year iv) Monitoring the CSR Policy from time to time v) 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 three years 3.2.2. Composition The Committee comprises following members: No. Name Designation 1. Gopi Kannan Thirukonda Chairman 2. Wolfgang Schumann Member 3. Sudhir Merchant Member 3.2.3. Meetings and attendance During 2021-22, one meeting was held: No. Name Total Attended 1. Gopi Kannan Thirukonda 1 1 2. Wolfgang Schumann 1 1 3. Sudhir Merchant 1 1 3.3. Nomination and Remuneration Committee 3.3.1. Role i) Devising a policy on the Board diversity ii) Formulating criteria for determining qualifications, traits and independence of aDirector and recommending to the Board a policy relating to the remuneration for the Directors, Key Managerial Personnel and other employees iii) Formulating criteria for evaluation of the Independent Directors and the Board iv) Identifying persons who are qualified to become Directors and who may be appointed in Senior Management in accordance with the criteria laid down, recommending to the Board their appointment and removal and carrying out evaluation of performance of every Director v) Recommending | determining remuneration of the Executive Director as per the policy
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