Gillette_India_Limited_AR_20

Annual Report 2019-20 56 Gillette India Limited Cash & Investment Committee The Company has constituted a Cash & Investment Committee, comprising of Mr. Pramod Agarwal (Chairman), Mr. Chittranjan Dua (Member), Mr. Anil Kumar Gupta (Member) and Mr. Karthik Natarajan (Member). During the Financial Year, two Meetings were held on August 22, 2019 and February 13, 2020. Attendance of the members of the Cash & Investment Committee during the Financial year: Members of the Committee No. of meetings held during tenure No. of meetings attended Mr. Pramod Agarwal 2 2 Mr. Chittranjan Dua 2 1 * Mr. Anil Kumar Gupta 2 2 Mr. Karthik Natarajan 2 2 * Mr. Chittranjan Dua attended the Cash & Investment Committee Meetings held on August 22, 2019 via video-conferencing. The role of the Committee is as follows: Assessment and recommendation to the Board the best possible utilization of cash generated by the Company, on basis of following primary considerations: i. protecting long term growth of the Company; ii. maximizing return to the Shareholders; and iii. ensuring risk free investments choices. (h) Familiarization programme for Independent Directors: The familiarization programme aims at familiarizing the Independent Directors with the Company, their roles, rights, responsibilities in the Company, nature of the industry in which the Company operates and business model of the Company. Your Company conducts induction session for new independent directors and presentations at meetings of the Board and meeting of various Committees of the Board periodically to familiarize the Independent Directors with the business performance, business strategy, operations and functions of the Company. Such presentations help the Independent Directors to understand the Company’s strategy, business model, operations, market, competition, organization structure, risk analysis and such other areas. Each member of the Board, including the Independent Directors, are given any information relating to the Company, whenever they so request. Independent Directors have the freedom to interact with the Company’s management. In case of appointment of new Independent Director on the Board of the Company, the Company: • Issues a formal letter of appointment at the time of appointment; • Provides introductory documents including Annual Report, Board committee framework, codes of conducts as may be applicable to the Director, various Policies and procedures adopted by the Company. The familiarization programme is available on the Company’s website at https://in.pg.com/ india-governance-and-policies/gil/terms-and- policies/#fam-programme. (i) Succession planning: The Nomination and Remuneration Committee works with the Board on the leadership succession plan to ensure orderly succession in appointments to the Board and in senior management. The Company strives to maintain an appropriate balance of skills and experience within the organization and the Board in an endeavor to introduce new perspectives while maintaining experience and continuity. By integrating workforce planning with strategic business planning, the Company puts the necessary financial and human resources in place so that its objectives can be met. Our Board members bring to the table their broad and diverse skills and viewpoints to aid the Company in advancing its strategy. (j) KeyBoard qualifications, expertise and attributes: The Company is engaged in manufacturing and selling of branded packaged fast-moving consumer goods in the grooming and oral care businesses. The following skills / expertise / competencies have been identified for the effective functioning of the Company and are currently available with the Board: