Page 144 - Tata Steel One Report 2024-Eng-Ebook HY

Business Operation and Performance Driving Business Towards Sustainability
Corporate Governance Policy Financial Statements Attachments
8. To define guidelines, procedures, and determination of such remuneration to correspond with the Company’s operating result with regard to the various factors and other companies in the industry.
9. Toreviewandrecommendthebudgetforthesalary increases, bonus and compensation for employees of the Company and its subsidiary and propose it to the Board of Directors for approval.
10. Other duties assigned by the Board of Directors.
The Executive Committee
The Executive Committee comprises of four Directors chaired by Mr. Ashish Anupam, and members are Mr. Rajiv Mangal, Mr. Sandeep Bhattacharya, and Mr. Tarun Kumar Daga. During the financial year 2024-25, each
committee member performed their duties according to the Charter as set by the Board. The Committee carried out its supervisory tasks that are managed in pursuance to their scope of authority.
In view of the challenges being faced by the company, the Chairman of the Board of Directors meeting no.132 on October 17, 2024, suggested more frequent review by the Executive Committee of the Board and provide appropriate guidance to the management. He proposed Mr. Rajiv Mangal to chair these meetings.
During the financial year 2024-25, the Committee held six meetings through electronic media including e-mails, video conference and circular resolutions with the attendance of management as under
Name
Position
Number of Meetings (During financial year 2024-25)
Attendance
1.
Mr. Rajiv
Mangal
Chairman
6
6
2.
Mr. Tarun
Kumar Daga
Member
6
6
3.
Mr. Jayanta
Chakraborty
Member
6
5(a)
4.
Mr. Chaichalerm
Bunyanuwat
Member
6
6
5.
Mr. Wichan
Wanna
Member
6
6
6.
Mr. Anil
Kumar Nayak
Member
6
3(b)
7.
Mr. Surat
Limtrakool
Member
6
6
8.
Mr. Sakchai
Loyfakhajohn
Member
6
2(c)
Remark: (a) There were responsibilities related to the agenda of 5 (b) There were responsibilities related to the agenda of 3 (c) There were responsibilities related to the agenda of 2
Scope of authority of the Executive Committee
1. Define policies, strategies, management structure and authority to correspond with and support the economic situation for approval by the Board of Directors.
2. Consider and comment on the business plan and annual budget allocation proposed by the management to the Board of Directors for approval.
matters. matters. matters.
3. Supervise, oversee, and monitor the Company’s operations to ensure its efficiency and appropriateness with the business situation to accomplish the objectives according to the policies and business plan prescribed by the Board of Directors.
4. Other functions as designated by the Board of Directors. The Executive Committee may authorize any executive with the authority to perform a specific function or functions as deemed appropriate.
142 Tata Steel (Thailand) Public Company Limited