Page 188 - Demo

y) Framing suitable policies and systems to ensure that there is no violation, as amended from time to time, of any securities laws or any other applicable laws in India or overseas, including:
1. The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015; and
2. The Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating to the Securities Market) Regulations, 2003.
4. nOminatiOn anD remuneratiOn COMMITTEE (NOMINATION COMMITTEE)
a. The Bank has constituted a Nomination Committee as per the requirements of Section 178 of the Act, Regulation 19 of SEBI Listing Regulations and applicable RBI guidelines.
The Nomination Committee has power of formulating the criteria for determining qualifications, positive attributes and independence of a director and recommending a policy relating to the remuneration and appointment of the directors, key managerial personnel and senior management.
b. the composition of the nomination Committee and the details of meetings attended by its members are given below:
mS. vanDana viSwanathan
Chairperson of the Nomination Committee
Brief profile: Vandana Viswanathan is an Independent Director of the Bank. She holds a bachelor’s degree in science from Bangalore university and master’s degree in arts in personnel management and industrial relations from the Tata Institute of Social Sciences. She co-founded and is a partner at Cocoon Consulting.
Nature of Expertise: Human Resource Management
Sr. no.
Name of director
Designation/Category
Number of meetings during fy 2019-20
% of Attendance
held during their tenure
attended
1. Ms. Vandana Viswanathan
2. Mr. Sunil Viyanak patel*
3. Mr. Biswamohan Mahapatra
4. Mr. Prabal Kumar Sen
5. Mr. Jayanta Kumar Basu**
Chairperson -Independent Director
Ex-Member - Independent Director
Member - Independent Director
Member - Independent Director
Member-Non-Executive, Non-Independent Director
9 9 100
8 8 100
9 8 89
9 8 89
1 1 100
*Moved out from the Committee w.e.f February 01, 2020 due to retirement and resignation **Joined the Committee w.e.f February 01, 2020
c. All the members of the Nomination Committee e. During FY 2019-20, 9 (nine) meetings of the
are non-executive directors, and three out of four members of the Nomination Committee are independent directors.
d. The Chairperson of the Nomination Committee is an Independent Director.
Nomination Committee were held on the following dates:
Date of Nomination Committee Meeting
Total number of members
Number of members present
May 09, 2019
May 27, 2019
July 09, 2019
July 29, 2019
August 14, 2019
October 21, 2019
November 05, 2019
January 21, 2020
March 23, 2020
4 4
4 4
4 3
4 4
4 3
4 4
4 4
4 4
4 4
186 | AnnuAl RepoRt 2019-20