Year : 2010-11 - CCL

More documents

Recommendations

Info

ANNUAL REPORT 2010-11 ________________________________________________________ 1. PHILOSOPHY REPORT ON CORPORATE GOVERNANCE 48 ANNEXURE-I CCL management continues to strive for excellence in good governance and responsible management practices. Corporate Governance at CCL is based on the following main principles: 1. Constitution of a Board of Directors of appropriate composition, size, varied expertise and commitment to discharge its responsibilities and duties, 2. Ensuring timely flow of information to the Board and its Committees to enable them to discharge their functions effectively, 3. Independent verification and safeguarding integrity of the Company’s financial reporting, 4. A sound system of risk management and internal control, 5. Timely and balanced disclosure of all material information concerning the Company to all shareholders, 6. Transparency and accountability, 7. Compliance with all the applicable rules and regulations, 8. Fair and equitable treatment of all its stakeholders including employees, customers, shareholders and investors. Your Company as a Corporate Citizen believes in adhering to the highest standards of Corporate Governance. CCL provides appropriate access to information to the citizens of India under the provision of the Right to Information Act, 2005. It is not merely compliance and simply a matter of creating checks and balances; it is an ongoing measure of superior delivery of Company’s objectives with a view to translate opportunities into reality. It involves leveraging its resources and aligning its activities to national need, shareholders benefit and employee growth, thereby delighting all its stakeholders, while minimizing the risks. The primary objective is to create and adhere to a corporate culture of conscience and consciousness, transparency and openness, fairness, accountability, propriety, equity, sustainable value creation, ethical practices and to develop capabilities and identify opportunities that best serve the goal of value creation, thereby creating an outperforming organization. 2. BOARD OF DIRECTORS The Board of Directors of your Company as on 31st March, 2011 comprised of 10 Directors, viz. 3 Functional Directors (including CMD), two part-time Directors, 5 Non-official Part-time Directors (Independent Directors) and two Permanent Invitees to the Board. During the financial year ended March 31st, 2011, 10(Ten) number of Board meetings were held on 02.04.10, 11.05.10, 19.06.10, 30.07.10, 19.08.10, 01.10.10, 2.11.10, 27.11.10, 21.01.11, 05.02.11. Thus, the maximum time gap between two consecutive Board meetings was not more than three calendar months.
__________________________________________________ CENTRAL COALFIELDS LIMITED The details of the composition of Board of Directors, Directors attendance at the Board meeting, number of Directorship in other Companies and membership in other committees, etc. during the year are as follows: Sl.No Name & Designation Category Board meetings No. of other Membership in other Directorships committees of Board —————————— —————————————————— Held Attended Audit Committee Empowered Sub during Committee the tenure 1. Shri R.K. Saha, Functional Director 10 10 Nil Special Invitee Chairman Chairman-cum-Managing Director 2. Shri T.K. Chand, Functional Director 5 5 Nil — — Director (Personnel)* 3. Shri T.K. Nag Functional Director 10 10 Nil — Member Director (Tech./Oprn.) 4. Shri A. Chatterjee Functional Director 10 10 Nil Special Invitee Member Director (Finance) 5. Shri R. K. Mahajan Part-time Director 10 10 MCL Member Member Joint Secretary, MoC Govt. of India 6. Shri R. Mohan Das Part-Time Director 10 9 (i) CIL Member — Director (P&IR), CIL (ii) WCL 7. Dr. Kalyan Sen** Non-Official 5 5 Indian Mining Member — Part-Time Director Consulting Pvt. Ltd. Kolkata 8. Ms. Rama Rani Hota**$ Non-Official 5 4 Nil Chairman — Part-Time Director 9. Shri M. K. Sinha ** Non-Official 5 4 (i) MP Monnet Member Member Part-Time Director Mining Co. Pvt. Ltd. (ii) Monnet Ispat & Energy Ltd. (iii) M/s Clean Coal Ltd. Enterprises Pvt. Ltd. 10. Shri Gautam Basu*** Non-Official 9 9 Hindustan Photo Member Member Part Time Director Films Ltd. 11. Shri S. K. Sarkar***$$ Non-Official 9 7 (i) The Associated Chairman Member Part Time Director Chambers of Commerce and Industry of India (ASSOCHAM) (ii) PHD Chamber of Commerce and Industry of India (PHDCCI) (iii) DESFAB Export India Private Limited 12. Prof. K. V. Ramani# Non-Official – – Nil Member — Part Time Director 13. Shri Anand Kumar# Non-Official – – Solar Industries, Member — Part Time Director Petrotech Society 49
Page 1 and 2: ___________________________________
Page 3 and 4: ___________________________________
Page 5 and 6: ___________________________________
Page 7 and 8: ___________________________________
Page 9 and 10: ___________________________________
Page 11 and 12: ___________________________________
Page 13 and 14: ___________________________________
Page 15 and 16: ___________________________________
Page 17 and 18: ___________________________________
Page 19 and 20: ___________________________________
Page 21 and 22: ___________________________________
Page 23 and 24: ___________________________________
Page 25 and 26: ___________________________________
Page 27 and 28: ___________________________________
Page 29 and 30: ___________________________________
Page 31 and 32: ___________________________________
Page 33 and 34: ___________________________________
Page 35 and 36: ___________________________________
Page 37 and 38: ___________________________________
Page 39 and 40: ___________________________________
Page 41 and 42: ___________________________________
Page 43 and 44: ___________________________________
Page 45 and 46: ___________________________________
Page 47 and 48: ___________________________________
Page 49: ___________________________________
Page 53 and 54: ___________________________________
Page 55 and 56: ___________________________________
Page 57 and 58: ___________________________________
Page 59 and 60: ___________________________________
Page 61 and 62: ___________________________________
Page 63 and 64: ___________________________________
Page 65 and 66: ___________________________________
Page 67 and 68: ___________________________________
Page 69 and 70: ___________________________________
Page 71 and 72: ___________________________________
Page 73 and 74: ___________________________________
Page 75 and 76: ___________________________________
Page 77 and 78: ___________________________________
Page 79 and 80: ___________________________________
Page 81 and 82: ___________________________________
Page 83: ___________________________________
Page 87 and 88: ___________________________________
Page 89 and 90: ___________________________________
Page 91 and 92: ___________________________________
Page 93 and 94: ___________________________________
Page 95 and 96: ___________________________________
Page 97 and 98: ___________________________________
Page 99 and 100: ___________________________________
Page 101 and 102:
___________________________________
Page 103 and 104:
___________________________________
Page 105 and 106:
___________________________________
Page 107 and 108:
___________________________________
Page 109 and 110:
___________________________________
Page 111 and 112:
___________________________________
Page 113 and 114:
___________________________________
Page 115 and 116:
___________________________________
Page 117 and 118:
___________________________________
Page 119:
___________________________________
Page 122 and 123:
___________________________________
Page 124 and 125:
___________________________________
Page 126 and 127:
___________________________________
Page 128 and 129:
___________________________________
Page 130 and 131:
___________________________________
Page 132 and 133:
___________________________________
show all

Year : 2010-11 - CCL

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?