Output Explorer

Enduring Value
Report on Corporate Governance
Non-Executive Director: Non-Executive Directors,
ncluding Independent Directors, play a critical role in
Director
Category
No. of
No. of
other
Membership(s)
imparting balance to the Board processes by bringing an
Directorship(s)?]
[including
independent judgement on issues of strategy, performance,
Chairmanship(s)]
resources, standards of Company conduct etc.
of Board
Divisional / SBU Chief Executive Officer (CEO): The
Committees Of
other companies z
Divisional / SBU CEO for a business has the overall
Executive Directors
executive responsibility for its day-to-day operations and
provides leadership to the DMC / SBU MC in its task of
Y C Deveshwar Chairman
executive management of the business.
N. Anand
BOARD OF DIRECTORS
P V. Dhobale
In terms of the Company's Corporate Governance Policy,
all statutory and other significant & material information
K. N. Grant
2
are placed before the Board to enable it to discharge
Non-Executive Directors
its responsibility of strategic supervision of the Company
as trustees of the Shareholders.
A. Bajjal
(as Chairman]
Composition
S. H. Khan
Independent Director
The ITC Board is a balanced Board, comprising Executive
[including 4
and Non-Executive Directors. The Non-Executive
as Chairman]
Directors include independent professionals. Executive
Directors, including the Chairman, do not generally
o. B Mathur Independent Director
exceed one-third of the total strength of the Board.
including 3
as Chairman]
The Governance Policy requires that the Non-Executive
Directors, including Independent Directors, be drawn
P. B. Ramanujam Independent Director
from amongst eminent professionals with experience in
. S. H. Rehman Independent Director
business / finance / law / public administration and
enterprises. Directors are appointed / re-appointed with
M. Shankar
Independent Director
the approval of the Shareholders for a period of three
to five years or a shorter duration in accordance with
A. V. Girija Kumar Independent Director
retirement guidelines as determined by the Board from
Representative of
General Insurers
time to time. The initial appointment of Executive Directors
(Public Sector)
s normally for a period of three years. All Directors are
Association of India
liable to retire by rotation unless otherwise approved by
as investor
the Shareholders or provided under any statute.
One-third of the Directors who are liable to retire by
R. E. Lerwill
Representative of Tobacco
rotation, retire every year and are eligible for re-election.
Manufacturers (India)
In terms of the Articles of Association of the Company,
Limited, a subsidiary of
the strength of the Board shall not be fewer than five
British American Tobacco
nor more than eighteen. The present strength of the
p.L.c., the ultimate holding
company
Board is fifteen, of which four are Executive Directors.
Composition of the Board as on 31st March, 2014:
A Ruys
Representative of Tobacco
Manufacturers (India)
Limited, a subsidiary of
Category
No. of
Percentage to
British American Tobacco
Directors
total no. of Directors
p I.c, the ultimate holding
company
Executive Directors
Non-Executive Independent Directors
50
K. Vaidyanath
Other Non-Executive Directors
1. Excludes Directorship in Indian Private Limited Companies & Foreign Companies and
Membership of Managing Committees of Chambers of Commerce / Professional Bodies.
14
100
2. Denotes Membership / Chairmanship of Audit Committee and / or Investors Grievance
Committee of Indian Public Limited Companies.
12
ITC Limited REPORT AND ACCOUNTS 2014
source https //www industrydocuments.ucsf.edu/docs/tnbx0223

Answer the question using only the OCR text from a single document page. Return only the answer, with no explanation. Preserve the answer wording from the OCR text when possible.