Preamble
The
Familiarization Programme (“hereinafter referred as Programme”) formulated with the objective of
making the Independent Directors of the Company accustomed with the business and operations of the
company through various
structured Orientation programme.
The
Programme
has been designed considering
the specific needs of contemporary corporate governance and the expected obligations of Independent
Directors in view of the
onerous responsibility conferred by the Companies Act, 2013 and the Listing Agreement as amended
from
time to time.
The company may organize familiarization programme on structured module to update the Independent
Directors and shall
organize an induction program on joining of an Independent director to familiarize them with the
following aspect:
Roles, Rights
and
Responsibilities
Board dynamics
&
functions
Human Resource
management
Nature of the
Industry in which Company operates
Business Model
of
Company
Financial
Performance, Budgeting and Planning
The programme essentially has two broad
components–technical and behavioral. The technical component
shall enable the
participants to understand Company’s business, Strategies, Regulatory aspects, Industry dynamics and
its
growth plans and
prepare them for an active role in Company.
The behavioral component shall empower the participants to understand board procedures and help them
to
be effective in board
activities. The Programme also aims to offer a conceptual framework based upon current expectations
which require the
Independent Directors to adhere to a code and standard of ethics and integrity for fulfillment of
their
responsibilities
in a professional and faithful manner to promote confidence of the investment community
shareholders,
regulatory authorities
and the stakeholders at large.
All Board Members are promptly updated on any change and new development with regard to relevant
regulatory requirement such as
SEBI Regulations, Companies Act, RBI (acts & rules), listing agreements etc.
