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Dokmart   02 March 2016

Nomination and remuneration policy

NOMINATION AND REMUNERATION POLICY

(Under Section 178 of the Companies Act, 2013)

 

Approved by the Board of Directors at its [Number of Meeting] meeting held on [Date of Board Meeting]

                                         

PREAMBLE:

 

Pursuant to Section 178 of the Companies Act, 2013 read with rule made thereunder, Every Public Company falling under such class or classes of Companies as may be prescribe in the rules, 2014, shall require to constitute the Nomination and Remuneration Committee.

 

The primary function of the Nomination and Remuneration Committee is to assist the Board of Directors in fulfilling its governance and supervisory responsibility related to human resource management and compensation.

 

Accordingly this Policy is formulated in compliance with Section 178 of the Companies Act, 2013 read along with the applicable rules thereto to discharge the obligation specified therein.

 

This policy may be called [Name of Company] Nomination and Remuneration Policy and shall be effective from [Date of implementation].

 

OBJECTIVE / PURPOSE:

 

The Key Objectives of the Committee would be:

 

  1. To guide the Board in relation to appointment and removal of Directors, Key Managerial Personnel and Senior Management.
  2. To evaluate the performance of the members of the Board and provide necessary report to the Board for further evaluation.
  3. To recommend to the Board on Remuneration payable to the Directors, Key Managerial Personnel and Senior Management..... continue


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