Arohan Financial Services Limited | Annual Report 2021-22

122 | Annual Report | 2021-2022 Financial Officer and the Head of HR, Admin, Training & CSR is the permanent invitee to the meetings of theCommittee. Theother directors are invited to attend the Corporate Social Responsibility Committee meetings as when required. The Company Secretary acts as the secretary to the Committee. The Committee met twice (2) during the year on June 03, 2021 and November 10, 2021. Attendance of Directors: Name of the Member Position No. of Meetings Held No. of Meetings Attended Mr. Sumantra Banerjee Independent Director 2 2 Mr. Anurag Agrawal Promoter Nominee Director 2 2 Mr. Manoj Kumar Narayan Nambiar Managing Director 2 2 Mr. Wilhelmus Marthinus Maria Van Der Bek Nominee Director 2 Nil 4. NominationandRemunerationCommittee The responsibility of the Nomination and Remuneration Committee of the Board is to overseethattheCompany’snominationprocess including succession planning for the senior management and the Board and specifically to assist the Board by identifying, screening and reviewing individuals qualified to serve as Executive Directors, Non-Executive Directors and IndependentDirectors so that thedirectors appointed would have appropriate skills to support the functioning of the Company. The Committee recommend the appointment and removal of directors, and for approval at the AGM and evaluate the performance of the Board and review the evaluation’s implementation and compliance and plans for Leadership development, and also develop and maintain corporate governance policies applicable to the Company. The Committee also reviews the candidature of the Directors and ensures that they are fit and proper as per the guidelines of RBI and Companies Act, 2013. Remuneration Policy: Nomination and Remuneration Committee of the Company also determines the sitting fees to be paid to the independent non- executive directors of the Company. In case the Company determines the use of services of the Directors for specific assignments then the Company would compensate the directors additionally for their professional services and such compensation would be determined by the Board after being recommended by the Committee. The compensation payable to the Independent Directors is as decided by the Board, the sum of which does not exceed 1% of the net profits for the year, calculated as per the provisions of the Companies Act, 2013. Composition:  Ms. Matangi Gowrishankar, Chairperson  Mr. Rajat Mohan Nag, Member  Mr. Sumantra Banerjee, Member  Mr. Piyush Goenka, Member  Mr. Vineet Chandra Rai, Member As on March 31, 2022 the Committee comprised of three (3) Independent Directors, one (1) NomineeDirector and one (1) Promoter Director. The Chief Financial Officer and the Head of HR, Admin, Training & CSR is the permanent invitee to the meetings of the Committee. The other directors are invited to attend the Corporate Social Responsibility Committee meetings as when required. The