JSW Holdings - Board Committee
Board Committee
In addition to the statutorily mandated Committees, the Board constitutes additional functional Committees from time to time to meet the operational business requirements.
Audit Committee
The Audit Committee presently comprises of Four Non-Executive Directors, out of whom
Three are Independent Directors, as follows:
- Mrs. Anuradha Bajpai, Chairperson
- Mr. N. K. Jain, Member
- Mr. Pankaj Kulkarni, Member
- Mr. K. N. Patel, Member
The Members possess adequate knowledge of Accounts, Audit,
Finance, etc. The broad terms of reference of the Audit Committee are to review the
financial statements before submission to the Board, review the reports of the Statutory and
Internal Auditors, review the weaknesses in internal controls, if any, reported by Internal
and Statutory Auditors, etc. In addition, the powers and role of the Audit Committee are as
laid down under Section 177 of the Companies Act, 2013, and Regulation 18 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015.
Stakeholders’ Relationship Committee
The Stakeholders’ Relationship Committee presently comprises of three Directors,
out of whom one is Independent Director as follows:
- Mr. NK Jain, Chairman
- Mr. K.N.Patel, Member
- Mr. Manoj Kr. Mohta, Member
The broad terms of reference of the Committee are to review
the reports on complaints, share transfers, unclaimed dividends, etc. submitted by the
Registrar and Share Transfer Agent of the Company, periodically ascertain and look into the
quality of the Company’s Stakeholders’ grievance redressal system, to follow-up
on the implementation of suggestions for improvement, if any, to periodically report to the
Board about serious concerns, if any, etc
Nomination & Remuneration Committee
The Nomination & Remuneration Committee comprises three Directors out of whom 2 are
Independent Directors, as follows:
- Mr. Pankaj Kulkarni, Chairman
- Mr. N. K. Jain, Member
- Mr. K. N. Patel, Member
The broad terms of reference of the Compensation and
Nomination & Remuneration Committee are to determine on behalf of the Board and on
behalf of the Shareholders, the Company’s remuneration policy, carry out performance
evaluation, recommending candidates for Board appointment, to formulate detailed terms and
conditions of the plan/scheme in compliance with SEBI (Share Based Employee Benefits)
Regulations, 2014 and as per Companies Act, 2013 and such other matters as may from time to
time be required by any statutory, contractual or other regulatory requirements to be
attended to by such Committee.
Corporate Social Responsibility Committee
The Corporate Social Responsibility Committee comprises of Four Directors, out of whom
two are Independent Directors as follows:
- Mr. N. K. Jain, Chairman
- Mrs. Anuradha Bajpai, Member
- Mr. K. N. Patel, Member
- Mr. Manoj Kr. Mohta, Member
The broad terms of reference of the Corporate Social Responsibility Committee are to
recommend the amount of expenditure to be incurred on CSR activities and to monitor the CSR
policy from time to time.
Risk Management Committee
The Risk Management Committee comprises of Four Directors of which one is Independent
Directors. The Composition of the Risk Management Committee is as follows:
- Mr. N. K. Jain, Chairman
- Mr. Vineet Agrawal, Member
- Mr. K. N. Patel, Member
- Mr. Manoj Kr. Mohta, Member
The broad terms of reference of the Risk Management Committee are to identify internal
and external risks specifically faced by the company including but not limited to financial,
operational, sustainability (particularly, ESG related risks) or any other risk as may be
determined by the Committee and to take appropriate measures for risk mitigation.
