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FAMILIARIZATION PROGRAMME FOR INDEPENDENT DIRECTORS
Pursuant to Regulation 25(7) of SEBI (LODR) Regulations, 2015 , the Company shall familiarize the Independent Directors with the Company, their roles, rights, responsibilities in the Company, nature of the industry in which the Company operates, business model of the Company, etc., through various programmes.
Purpose & Objective :
The Program aims to provide insights into the Company to enable the Independent Directors to understand their roles, rights, responsibilities in the Company and get updated on the Business & Operations of the Company and contribute significantly to the Company.
At the time of appointing an Independent Director, a formal letter of appointment is given to him/her, which inter alia explains the terms, role, duties and responsibilities expected of him/her as an Independent Director of the Company.
The Independent Directors are presented with an overview of the following-
Independent Directors have the freedom to interact with the Company’s management and the senior leadership team of the Company. Presentations are made regularly to the Board of Directors / Audit Committee (AC). This helps them to understand the Company’s strategy, business model, operations, products, markets, organization structure, facilities, risk management and such other areas. Apart from
Independent Directors are also free to meet separately without the presence of any management personnel and their meetings are conducted informally to enable the Independent Directors to discuss matters pertaining to the Company’s affairs and put forth their combined views to the Board of Directors of the Company.
The details as required under Regulation 46(2)(i) of the SEBI (LODR) Regulations, 2015 are as under:
|Number of familiarization programmes attended by the Independent Directors||No of hours spent during 2021-22 on familiarization||Cumulative hours spend on familiarization*|
Cumulative hours calculation:
|Year||No. of Board meetings held||No. of hours||Cumulative hours spent|