CORPORATE GOVERNANCE

Board Committees

The Board of the Company has appointed various committees to assist it in discharging its functions and as per requirement of the Companies Act 2013 and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 (the Listing Regulations).

AUDIT COMMITTEE

Audit committee of the Board comprised with Independent Directors. Audit Committee comprised of Mr. Mukund Chitale, Chairman of the Committee, Mr. Boman Moradian, Independent Director and Ms. Radhika Pereira, Independent Director.

The Role, powers and functions of the Audit Committee are as per requirement of the Companies Act 2013 and the Listing Regulations. Further details on the Audit Committee are mentioned in the section of Corporate Governance in the Company’s Annual Report.

NOMINATION AND REMUNERATION COMMITTEE

Nomination and Remuneration Committee (the Committee) of the Board
comprised with Independent Directors. The Committee comprised of Mr. Boman Moradian, Chairman of the Committee, Mr. Mukund Chitale, Independent Director and Ms. Radhika Pereira, Independent Director.

The Role, powers and functions of the Committee are as per requirement of the Companies Act 2013 and the Listing Regulations. Further details on the Committee are mentioned in the section of Corporate Governance in the Company’s Annual Report.

STAKEHOLDERS’ RELATIONSHIP COMMITTEE

Stakeholders’ Relationship Committee (the Committee) of the Board
comprised of Mr. Boman Moradian, Chairman of the Committee and Mr. Ashok Goel, Vice Chairman and Managing Director.

The Role, powers and functions of the Committee are as per requirement of the Companies Act 2013 and the Listing Regulations. Further details on the Committee are mentioned in the section of Corporate Governance in the Company’s Annual Report.

Policies

Terms and Conditions of appointment of Independent Directors

Disclosures

Resignation of Director

This is to disclose you that Mr. Tapan Mitra, Independent Director of the Company has resigned from the Directorship of the Company with effect from February 25, 2016 for health reasons.

Appointment of new Registrar and Share Transfer Agent

Resignation of Director

This is to disclose that Dr. Subhash Chandra, Director and Chairman of the Company has tendered his resignation with effect from August 05, 2016. Dr. Chandra’s resignation is keeping in view his becoming member of Rajya Sabha and therefore his wish for serving the nation.

Revision in Credit Rating

Others

 

Corporate-Governance-picture

CORPORATE GOVERNANCE REPORT

Essel believes in adopting the Best Global Practices in the area of Corporate Governance by following a principle of full transparency and accountability, thereby protecting the interests of all its stakeholders.

The Board considers itself a Trustee of all Shareholders and acknowledges its responsibilities to the Shareholders for creating and safeguarding their wealth. During the year under review, the Board continued its pursuit of achieving these objectives through the adoption and monitoring of corporate strategies, prudent business plans, monitoring of major risks in business and ensuring that we pursue policies and procedures to satisfy its legal and ethical responsibilities.

Corporate Governance Report - 2017

Corporate Governance Report - 2016

Corporate Governance Report - 2015

Corporate Governance Report - 2014

Corporate Governance Report - 2013

Corporate Governance Report - 2012

Corporate Governance Report - 2011

Corporate Governance Report - 2010

Corporate Governance Report - 2009