99 | Annual Report | 2023-2024 2. Risk Management Committee Periodic assessment to identify the risk areas is very necessary for a rapid growth of a company and this is effectively carried out by the Committee and management is briefed on the risks in advance by the Committee to enable the Company to control risk through a properly defined plan. The risks are taken into account while preparing the annual business plan for the Company. The Committee also assists the Board in fulfilling its corporate governance oversight responsibilities with regard to the identification, evaluation and mitigation of strategic, operational, and external environment risks. The Board is also periodically informed of the business risk and actions taken to manage them. The Company has put in place a risk management policy which provides an overview of the principles of the risk management of the company. Composition: • Mr. Rajat Mohan Nag, Chairperson • Mr. Sumantra Banerjee, Member* • Mr. Piyush Goenka, Member • Mr. Wilhelmus Marthinus Maria Van Der Beek, Member • Mr. John Arunkumar Diaz, Member* • Mr. Ulhas Sharadkumar Deshpande, Member* • Ms. Matangi Gowrishankar, Member* *Mr. Ulhas Sharadkumar Deshpande and Mr. John Arunkumar Diaz were appointed as members of the Risk Management Committee with effect from January 15, 2024. Ms. Matangi Gowrishankar and Mr. Sumantra Banerjee ceased to be the members of the Committee w.e.f. January 14, 2024 and April 29, 2024 respectively. As on March 31, 2024 the Committee comprised of Four (4) Independent Directors and two (2) Nominee Directors. The Managing Director, the Chief Financial Officer and the Head of Risk & Credit are the permanent invitees to the meetings of the Committee. The other directors and observers are invited to attend the Risk Management Committee meetings and as when required. The Company Secretary acts as the Secretary to the Committee. The Risk Management Committee met Four (4) times during the year on May 12, 2023, August 08, 2023, November 10, 2023 and February 14, 2024. Attendance of Directors: Name of the Member Position No. of Meetings Held No. of Meetings Attended Mr. Rajat Mohan Nag Independent Director 4 4 Mr. Sumantra Banerjee* Independent Director 4 3 Ms. Matangi Gowrishankar* Independent Director 3 3 Mr. Piyush Goenka Nominee Director 4 3 Mr. Wilhelmus Marthinus Maria Van Der Beek Nominee Director 4 Nil Mr. John Arunkumar Diaz* Independent Director 1 1 Mr. Ulhas Sharadkumar Deshpande* Independent Director 1 1 *Mr. Ulhas Sharadkumar Deshpande and Mr. John Arunkumar Diaz were appointed as members of the Risk Management Committee with effect from January 15, 2024. Ms. Matangi Gowrishankar and Mr. Sumantra Banerjee ceased to be the members of the Committee w.e.f. January 14, 2024 and April 29, 2024 respectively. Note: Only covers No. of meetings held in FY 23-24 of Members during their directorship period. 3. Corporate Social Responsibility Committee The primary objective of the Committee is to assist the Board in fulfilling its corporate social responsibility. The Committee has overall responsibility for identifying the areas of CSR activities and implementing and monitoring the CSR Policy from time to time. The Committee also recommends the amount of expenditure to be incurred on the identified CSR activities. The Committee is headed by an Independent Director. Composition: • Mr. John Arunkumar Diaz, Chairperson* • Mr. Sumantra Banerjee, Past Chairperson* • Mr. Anurag Agrawal, Member
RkJQdWJsaXNoZXIy NTE5NzY=