| Committees - Remuneration Committees |
| The Remuneration committee is constituted of three Independent Directors. |
| Name of Members |
Category |
No. of Meeting attended during the Year 2007-08 |
Mr. K. G. Holkar
Mrs. Sarita Rathi
Mr. Dilip Ghanekar |
Chairman
Member
Member |
3
3
3 |
|
Remuneration Policy
The Remuneration Committee which comprises of three independent directors, in setting remuneration policy recognises the need to be competitive circumstances. The Committee’s policy is to set remuneration levels which ensure that the executive directors are fairly and responsibly rewarded in return for high levels of performance.
Remuneration policy is designed to support key business strategies and create a strong, performance-orientated environment. At the same time, the policy must attract, motivate and retain talent. The Remuneration Committee considers that a successful remuneration policy must ensure that a significant part of the remuneration package is linked to the achievement of stretching corporate performance targets. The policy adopted by the Committee ensures that a significant proportion of the remuneration of executives is aligned with corporate performance, generating a strong alignment of interest with shareholders. |
| |
|
