Page 102 - Kolte Patil AR 2019-20

5. Five (5) Board Meetings were held during the year and the gap Sr. Name of the Skills/expertise/competence
between two meetings did not exceed 120 days. The dates on No. Director
which the board meeting were held as follows :
1 Mr. Rajesh Patil Business development, land
i) 28 May 2019
procurement, funding requirements,
ii) 06 August 2019 the new business planning and
iii) 07 September 2019 strategies, project execution, quality
iv) 11 November 2019 control, technology advancement,
process and information technology
v) 07 February 2020
2 Mr. Naresh Patil Business development, new business
6. None of the Non-Executive Directors have any material planning and strategies, Liasoning and
pecuniary relationship or transactions with the Company.
planning of construction activities.
7. During the year, information as mentioned in Part A of Schedule
II of the Listing Regulations has been placed before the Board 3 Mr. Milind Kolte Legal matters, operations,
for its consideration. Based on the information placed before procurement, Liasoning and planning
the Board, strategic and vital decisions are taken for effective of construction activity.
governance of the Company. 4 Mrs. Sunita Kolte Public Relations, Marketing strategies
8. Among other important information, minutes of all the 5 Mrs. Vandana Cost Management and Human
Committee meetings, are regularly placed before the Board in Patil Resource Development
their meetings. 6 Mr. Prakash Gurav Finance, Tax, Accounting, Merger and
9. The Board periodically reviewed compliance reports of all laws Acquisition
applicable to the company, prepared by the company as well 7 Mr. Umesh Joshi Structural designs and consultancy
as steps taken by the company to rectify instances of non-
compliances, if any. 8 Mr. G. L. Legal mainly Constitutional Law,
Vishwanath Corporate Law, M&A, Trademark, IPR,
10. In the opinion of the Board, all the Independent Directors of Contracts and Disputes relating to land
the Company fulfill the conditions specified in Regulation 17 of property matters.
Listing Regulations and are independent of the management.
9 Mr. Jayant Finance, Tax and Accounting
BOARD SKILLS, CAPABILITIES AND EXPERIENCES Pendse
The Board comprises directors who have a range of experiences, 10 Mrs. Manasa Legal mainly Civil Matter, Consumer
capabilities and diverse points of view. This helps the Company to Vishwanath Disputes, Family Law Matter and
create an effective and well-rounded board. The capabilities and Property Law Matter.
experiences pursed in the directors are outlined here:

y y Knowledge of the Company’s Business and real estate sector; FAMILIARISATION PROGRAMMES FOR BOARD MEMBERS
y y Understanding of financial, Tax, accounting matter and The Board members are provided with necessary documents, reports
governance; and policies to enable them to familiarise with the Company’s
y y Understanding of Legal and regulatory framework; procedures and practices. Periodic presentations are made at the
Board and Committee Meetings, on business and performance
y y Risk assessment and management skills;
updates of the Company, business environment, business strategy
y y Environment sustainability and risks involved.
y y Strategic inputs on operational, technical, financial matters;
The details of such familiarization programmes for Independent
y y Understanding of economic, political, social factors; Directors are posted on the website of the Company and can
y y People and Talent; and be accessed athttp://www.koltepatil.com/investors/corporate-
y y Technology Perspective. governance.
LEAD INDEPENDENT DIRECTOR
The Company’s Board of Directors has designated Mr. Prakash Gurav
as the Lead Independent Director. The role of Lead Independent
Director is as follows:
y y To preside over all meetings of Independent Directors;

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