Financial Report Berger paints India in 2005
ANNEXURE – I
CORPORATE GOVERNANCE
Corporate Governance provides that a company is directed in such a way that it performs efficiently and effectively, keeping in view the long term interest of the stakeholders, while respecting laws and regulations of the land and contributing, as a responsible corporate citizen, to the national exchequer. I.
COMPANY’S PHILOSOPHY
Your Company believes in professionalism of management, transparency and sound business ethics. It encourages wide participation from all stakeholders. II. BOARD OF DIRECTORS
Of the 8 members on the Board, 7 are Non-Executive Directors and majority of them are independent.
The names of the Directors and their Directorships in other Public Limited Companies are as below :—
Name of Director
Other Directorships
Remuneration
Sitting Fees
Mr. Kuldip Singh Dhingra
Non-Executive Chairman
Citland Commercial Credits Ltd.
N.A.
Rs. 12000
Mr. G S Dhingra
Non-Executive Vice Chairman
Citland Commercial Credits Ltd.
N.A.
Rs. 24000
Mr. Subir Bose
Managing Director
N.A.
As per
Annexure IV
N.A.
Mr. Anil Bhalla
Non-Executive Director (Independent)
Bharti Telecom Finance Ltd.
N.A.
Rs. 36000
Mr. K R Das
Non-Executive Director (Independent)
Bengal Waterproof Ltd.
N.A.
Rs. 58000
Mr. Rajive Sawhney
Non-Executive Director (Independent)
Talbros Automotive Components Ltd.
Win-Medicare Ltd.
N.A.
Rs. 2000
Mr. Gurcharan Das
Non-Executive Director (Independent)
Crest Animation Developers Ltd.
Fortis Health Care Ltd.
Mastek Ltd.
Ranbaxy Laboratories Ltd.
Zodiac Clothing Company Ltd.
N.A.
Rs. 12000
Mr. Naresh Gujral
Non-Executive Director (Independent)
N.A.
N.A.
Rs. 6000
The number of Board Meetings and the attendance of Directors as well as their attendance at the last AGM during the financial year 2004-2005 were as below :—
Board Meeting Dates & Attendance
AGM
Date &
Attendance
CORPORATE GOVERNANCE
Corporate Governance provides that a company is directed in such a way that it performs efficiently and effectively, keeping in view the long term interest of the stakeholders, while respecting laws and regulations of the land and contributing, as a responsible corporate citizen, to the national exchequer. I.
COMPANY’S PHILOSOPHY
Your Company believes in professionalism of management, transparency and sound business ethics. It encourages wide participation from all stakeholders. II. BOARD OF DIRECTORS
Of the 8 members on the Board, 7 are Non-Executive Directors and majority of them are independent.
The names of the Directors and their Directorships in other Public Limited Companies are as below :—
Name of Director
Other Directorships
Remuneration
Sitting Fees
Mr. Kuldip Singh Dhingra
Non-Executive Chairman
Citland Commercial Credits Ltd.
N.A.
Rs. 12000
Mr. G S Dhingra
Non-Executive Vice Chairman
Citland Commercial Credits Ltd.
N.A.
Rs. 24000
Mr. Subir Bose
Managing Director
N.A.
As per
Annexure IV
N.A.
Mr. Anil Bhalla
Non-Executive Director (Independent)
Bharti Telecom Finance Ltd.
N.A.
Rs. 36000
Mr. K R Das
Non-Executive Director (Independent)
Bengal Waterproof Ltd.
N.A.
Rs. 58000
Mr. Rajive Sawhney
Non-Executive Director (Independent)
Talbros Automotive Components Ltd.
Win-Medicare Ltd.
N.A.
Rs. 2000
Mr. Gurcharan Das
Non-Executive Director (Independent)
Crest Animation Developers Ltd.
Fortis Health Care Ltd.
Mastek Ltd.
Ranbaxy Laboratories Ltd.
Zodiac Clothing Company Ltd.
N.A.
Rs. 12000
Mr. Naresh Gujral
Non-Executive Director (Independent)
N.A.
N.A.
Rs. 6000
The number of Board Meetings and the attendance of Directors as well as their attendance at the last AGM during the financial year 2004-2005 were as below :—
Board Meeting Dates & Attendance
AGM
Date &
Attendance