Page 102 - Kolte Patil AR 2019-20

5. Five (5) Board Meetings were held during the year and the gap between two meetings did not exceed 120 days. The dates on which the board meeting were held as follows :
i) 28 May 2019
ii) 06 August 2019
iii) 07 September 2019
iv) 11 November 2019
v) 07 February 2020
6. None of the Non-Executive Directors have any material pecuniary relationship or transactions with the Company.
7. During the year, information as mentioned in Part A of Schedule II of the Listing Regulations has been placed before the Board for its consideration. Based on the information placed before the Board, strategic and vital decisions are taken for effective governance of the Company.
8. Among other important information, minutes of all the Committee meetings, are regularly placed before the Board in their meetings.
9. The Board periodically reviewed compliance reports of all laws applicable to the company, prepared by the company as well as steps taken by the company to rectify instances of non- compliances, if any.
10. In the opinion of the Board, all the Independent Directors of the Company fulfill the conditions specified in Regulation 17 of Listing Regulations and are independent of the management.
BOARD SKILLS, CAPABILITIES AND EXPERIENCES
The Board comprises directors who have a range of experiences, capabilities and diverse points of view. This helps the Company to create an effective and well-rounded board. The capabilities and experiences pursed in the directors are outlined here:
yy Knowledge of the Company’s Business and real estate sector; yyUnderstanding of financial, Tax, accounting matter and
governance;
yy Understanding of Legal and regulatory framework;
yy Risk assessment and management skills;
yy Environment sustainability
yy Strategic inputs on operational, technical, financial matters; yy Understanding of economic, political, social factors;
yy People and Talent; and
yy Technology Perspective.
Sr. Name of the No. Director
1 Mr. Rajesh Patil
2 Mr. Naresh Patil
3 Mr. Milind Kolte
4 Mrs. Sunita Kolte
5 Mrs. Vandana Patil
6 Mr. Prakash Gurav
7 Mr. Umesh Joshi
8 Mr. G. L. Vishwanath
9 Mr. Jayant Pendse
10 Mrs. Manasa Vishwanath
Skills/expertise/competence
Business development, land procurement, funding requirements, the new business planning and strategies, project execution, quality control, technology advancement, process and information technology
Business development, new business planning and strategies, Liasoning and planning of construction activities.
Legal matters, operations, procurement, Liasoning and planning of construction activity.
Public Relations, Marketing strategies
Cost Management and Human Resource Development
Finance, Tax, Accounting, Merger and Acquisition
Structural designs and consultancy
Legal mainly Constitutional Law, Corporate Law, M&A, Trademark, IPR, Contracts and Disputes relating to land property matters.
Finance, Tax and Accounting
Legal mainly Civil Matter, Consumer Disputes, Family Law Matter and Property Law Matter.
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FAMILIARISATION PROGRAMMES FOR BOARD MEMBERS
The Board members are provided with necessary documents, reports and policies to enable them to familiarise with the Company’s procedures and practices. Periodic presentations are made at the Board and Committee Meetings, on business and performance updates of the Company, business environment, business strategy and risks involved.
The details of such familiarization programmes for Independent Directors are posted on the website of the Company and can be accessed athttp://www.koltepatil.com/investors/corporate- 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:
yy To preside over all meetings of Independent Directors;