Gillette_India_Limited_AR_20

Annual Report 2019-20 55 Company Overview Board's Report MD&A Corporate Governance Financial Statements Gillette India Limited Das (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 Corporate Social Responsibility Committee during the Financial Year: Members of the Committee No. of meetings held during tenure No. of meetings attended Mr. Anil Kumar Gupta 2 2 Ms. Sonali Dhawan 2 1 Mr. Madhusudan Gopalan 2 2 Mr. Gurcharan Das 2 2 The role of the Committee is as follows: • Formulation and recommendation to the Board, a Policy which shall indicate the activities to be undertaken by the Company; • Recommendation of the amount of expenditure to be incurred on the CSR activities; • Monitoring the CSR Policy of the Company from time to time; • Formulation and monitoring of implementation of business responsibility policies; and • Annual assessment of the business responsibility performance and reporting. The Company has adopted a Corporate Social Responsibility Policy (‘CSR Policy’). In line with the global principles followed by the P&G group and the terms of the Companies Act, 2013, the CSR Policy is broadly framed taking into account the following: • We believe it’s essential to run our business responsibly, and our operating practices reflect this commitment. • We are focused on making every day better for people and the planet through our innovations and our actions: i. Environment – by conservation of resources, using renewable resources, generating worth from waste; and ii. Social – by providing the comforts of home, improving health and hygiene of people, social and cultural development, imparting education, training and social awareness. The CSR initiatives of the Company form part of the Directors’ Report. The CSR Policy is available on the Company’s website at https://in.pg.com/ india-governance-and-pol icies/gi l/terms-and- policies/. Risk Management Committee The Company has constituted a Risk Management Committee to monitor and review the Risk Management Policy and plans of the Company. The Committee presently comprises of Mr. Madhusudan Gopalan (Chairman), Mr. Chittranjan Dua (Member), Mr. Karthik Natarajan (Member), Mr. Pramod Agarwal (Member), Mr. Gurcharan Das (Member), Mr. Ghanashyam Hegde (Member) and Mr. Gagan Sawhney (Member). During the Financial Year, three meetings were held on August 22, 2019, November 05, 2019 and February 13, 2020. The Company has adopted a Risk Management Policy, which aims to create a standard, structured and efficient approach to identify, assess and mitigate risks. Our Company meetings are structured to plan, assess and mitigate risks. These include annual & monthly business planning meetings as well as specific category and go-to- market assessments. The role of the Committee is as follows: • To monitor and review the Risk Management policy and plans of the Company; and • To monitor and review cyber security risk. Attendance of the members of the Risk Management Committee during the Financial Year: Members of the Committee No. of meetings held during tenure No. of meetings attended Mr. Madhusudan Gopalan 3 3 Mr. Chittranjan Dua # 3 2 # Mr. Gurcharan Das 3 3 Mr. Karthik Natarajan 3 2 Mr. Pramod Agarwal 3 3 Mr. Gagan Sawhney 3 3 Mr. Ghanashyam Hegde 3 3 # Mr. Chittranjan Dua attended the Risk Management Committee meetings held on August 22, 2019 and November 05, 2019 via video-conferencing.