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Details of Familiarisation Programme for Financial Year 2018-19. 
   1. Objective :
 
      Pursuant to Regulation 25 and 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with schedule IV of the Companies Act, 2013, the Company is required to 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.
 
   2. Familiarisation programme Process :
  • This programme extends to other Non-Executive Directors of the Company.
  • All the independent directors and Non-Executive Directors of the Company ("the Directors") are made aware of their role, rights, responsibilities & duties towards the Company, at the time of their appointment , whereby the Independent Directors are issued a formal letter of appointment, which also stipulates various terms and conditions of their engagement with the Company.
  • Further, the periodic inputs on the business performance of the Company is deliberation through Board and Statutory Committee* meets, during the year. Presentations are regularly made to the Board of Directors and Statutory Committees of Board (consisting of the Directors) on various matters, where the Directors interact with Management Committee of the Company, whereby the Management Committee also gets to solicit different perspectives from the Board.
  • These Presentations, inter-alia, cover the Company's strategy, business model - Retail, analytics & loyalty, annual budgets, business processes & policies, functionaries, operations, OmniChannel, risk management framework, financial performance, budget & control process and such other area as may arise , from time to time. The Directors are also updated on key regulatory amendments, from time to time, their impact on the Company and/or the Directors.
  • The Company has provided the Board and Committee Members with a web based digital Board Application that provides them with a continual access t o all information, presentations & other documents that are shared with the Board and Committee, from time to time.
  • The familiarization programmes will enable the Directors, not only to have greater insight into Company's business and operations but also contribute effectively in decision making at Board & Committee meetings.
* Viz: Audit& Risk Management Committee (ARMC), Nomination, Remuneration & Corporate Governance Commit tee (NRCGC) and Corporate Social Responsibility Committee (CSRC)
 
   3.Review :
      The Company may review the programme and make necessary revisions, as and when required.
 
   4.Disclosure :
  • Familiarisation programme of the Company shall be disclosed on the Company's corporate website and web link thereof shall be provided in the Annual Report of the Company.
  • The details of familiarisation programme imparted and attended by the Directors, during financial year 2019-20 (FY20) and cumulative as on March 31, 2020, are appended hereunder:

 

Name of the Director & Designation   Meetings held
During FY20
 (Hours & No. of meetings)
Total hours & programme held
                     (FY20)
Total hours spent & programmes attended
 (FY20)
Cumulative hours spent
               (FY16-20)
Cumulative no. of programmes attended
 (FY16-FY20)
Board ARMC NRCGC CSRC
Mr. B. S. Nagesh
 (Non-Executive Director)
11.2
 (4)
- - - 11.2
 (4)
11.2
 (4)
80.5 25
Mr. Ravi Raheja
 (Non-Executive Director)
11.2
 (4)
6.75
 (4)
- 1.35
 (4)
19.3
 (12)
19.3
 (12)
88.6 33
Mr. Neel Raheja
 (Non-Executive Director)
11.2
 (4)
- 3.75
 (4)
- 14.95
 (8)
13.5
 (6)
82.8 27
Prof. Nitin Sanghavi
 (Independent Director)
11.2
 (4)
6.75
 (4)
3.75
 (4)
- 21.7
 (12)
21.7
 (12)
91 33
Mr. Nirvik Singh
 (Independent Director)
11.2
 (4)
- 3.75
 (4)
- 14.95
 (8)
14.95
 (8)
84.25 29
Mr. Robert Bready
 (Independent Director)
11.2
 (4)
- NA 1.35
 (4)
12.55
 (8)
11.8
 (6)
81.1 27
Mr. Deepak Ghaisas
 (Independent Director)
11.2
 (4)
6.75
 (4)
NA - 17.95
 (8)
17.95
 (8)
87.25 29
Mr. Manish Chokhani
 (Independent Director)
11.2
 (4)
6.75
 (4)
NA - 17.95
 (8)
8.35
 (5)
77.65 26
Ms. Ameera Shah$
 (Independent Director)
11.2
 (4)
5.45*
 (3)
2.45*
 (3)
0.30#
 (1)
19.4
 (11)
10.75
 (7)
25.65 11
     $ Appointed w.e.f June 8, 2018.
     * Appointed as Member effective April 30, 2019 .
     # Resigned as Member & Chairperson effective April 30, 2019.
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