Page 159 - Tata Steel One Report 2024-Eng-Ebook HY

Business Operation and Performance Driving Business Towards Sustainability Corporate Governance Policy Financial Statements Attachments
Report of the Corporate Governance (CG), Nomination and Remuneration Committee
Dear Shareholders,
Your company’s Corporate Governance, Nomination and Remuneration Committee comprises of three Directors of which two are Independent Directors and the Committee is chaired by an Independent Director. During the financial year 2024-25, Committee members performed their duties according to the Charter as set by the Board. The Committee carried out its supervisory tasks in pursuance to the regulations concerning the good corporate governance principles.
During the financial year 2024-25, the Corporate Governance, Nomination and Remuneration Committee had four meetings, with attendance record as shown below.
Remark : (a) Independent Director
(b) Attended two meetings through electronics media (c) Attended four meetings through electronics media
Significant duties performed by the Committee during financial year 2024-25 were as follows:
Corporate Governance and Nomination Remuneration
Name
Position
Number of Meetings
Attendance
1. Mr. Taratorn Premsoontorn (a)
Chairman
4
4 (b)
2. Mr. Ashish Anupam
Member
4
4 (c)
3. Ms. Anuttara Panpothong (a)
Member
4
4 (b)
• Reviewed the CG score for the calendar year 2024 and proposed to the Board the action plan for the improvement of the CG score.
• Considered the candidature and proposed the Board to consider appointment of the Independent Director in the vacancy created from the stepping down of Mr. Alan Kam.
• Considered the candidature and proposed the Board to consider appointment of the Nominated Director in the vacancy created from the superannuation from the parent company.
• Considered the candidature and proposed the Board to consider re-appointment of Directors who retired in accordance with the Company’s CG Policy.
• Reviewed the succession planning process and talent pipeline for the top management in the Company.
• Proposed the Board for consideration of remuneration of Directors for the financial year 2024-25.
• Considered Annual Salary Increase and Variable Bonus (ASI and VB) for the employees including long term remuneration for the President & CEO and recommended the same to the Board.
Taratorn Premsoontorn
Chairman of Corporate Governance, Nomination & Remuneration Committee
56-1 One Report 2024-25 157