Gillette_India_Limited_AR_20

Annual Report 2019-20 54 Gillette India Limited • Review of the various measures and initiatives taken by the Company for reducing the quantum of unclaimed dividends and ensuring timely receipt of dividend warrants / annual reports / statutory notices by the Shareholders of the Company. During the Financial Year, the Company received 6 complaints from Shareholders. These complaints have been resolved during the Financial Year. Nomination and Remuneration Committee The Nomination and Remuneration Committee comprises of Mr. Gurcharan Das (Chairman), Mr. Anil Kumar Gupta (Member), Mr. Chittranjan Dua (Member), Mr. Pramod Agarwal (Member) and Ms. Sonali Dhawan (Member). During the Financial Year, two meetings were held on August 22, 2019 and February 13, 2020. Attendance of the Members of the Nomination & Remuneration Committee during the Financial Year: Members of the Committee No. of meetings held during tenure No. of meetings attended Mr. Gurcharan Das 2 2 Mr. Chittranjan Dua 2 1 # Mr. Anil Kumar Gupta 2 2 Ms. Sonali Dhawan 2 1 Mr. Pramod Agarwal * 2 2 # Mr. Chittranjan Dua attended the Nomination and Remuneration Committee meeting held on August 21, 2019 via video-conferencing. * Mr. Pramod Agarwal was inducted as member of the Nomination of Remuneration Committee effective August 22, 2019. The role of the Committee is as follows: • Formulation of criteria for determining qualifications, positive attributes and independence of Directors; • Formulation of evaluation criteria for performance evaluation of Independent Directors and the Board; • Recommendation to the Board of a Policy, relating to the remuneration of Directors, key managerial personnel and senior management; • Identification of persons who are qualified to become directors and who may be appointed in senior management and recommendation to the Board their appointment and removal; • Carrying out evaluation of every Director’s performance; • Devise a policy on Board diversity; and • Any other role & responsibility, as may be mandated by any statutory legislation, from time to time. The Company has adopted a Nomination and RemunerationPolicy.TheNominationandRemuneration Policy is in compliance with all applicable provisions of the Companies Act, 2013, particularly Section 178 read together with the applicable rules thereto and Regulation 19 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Policy is designed to attract, motivate and retain leadership members in a competitive and international market. The Policy reflects the Company’s objectives for good corporate governance as well as sustained long-term value creation for Shareholders. The Policy is available on the website of the Company at https://in.pg . com/india-governance-and-policies/gil/terms-and- policies/. This Policy is also annexed to the Directors’ Report as Annexure V . The Company has also adopted a Board Diversity Policy which is based on the principle that the Company’s Board of Directors should have a balance of skills, experience and diversity of perspectives appropriate to the Company’s business. The Company recognizes that a Board composed of appropriately qualified people with a broad spectrum of experience relevant to the business is important for effective corporate governance and sustained commercial success of the Company. The Company aims to achieve a sustainable and balanced development by building a diverse and inclusive culture. The Committee carries out an evaluation of performance of individual Directors. Feedback was sought by way of structured questionnaires covering various aspects in line with the guidance note on Board evaluation issued by the Securities and Exchange Board of India vide its circular dated January 5, 2017 and performance evaluation was carried out based on the responses received from the Directors. Corporate Social Responsibility Committee The Corporate Social Responsibility Committee comprises of Mr. Anil Kumar Gupta (Chairman), Mr. Madhusudan Gopalan (Member), Mr. Gurcharan