MOU 2012-13 - CCL

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ules governing the Audit Committee approved by the full Board? No = 0 2.3 Audit Committee Powers (5 Marks) Sl.No. Indicator Prescribed Marks i Is the Audit Committee empowered to seek information on and from any employee of the CPSE? ii iii Does the Audit Committee have powers to secure help of outside legal or any other experts when necessary? Does the Audit Committee have powers to mitigate conflicts of interest by strengthening auditor independence? iv Is the Audit Committee empowered to ensure the effectiveness of internal controls and risk management? v Is there a system of protection for employees and others who report infractions to the internal audit function or the external auditors (to protect “whistle blowers”)? Criteria for Measurement 1 Yes = 1 No = 0 1 Yes = 1 No = 0 1 Yes = 1 No = 0 1 Yes = 1 No = 0 1 Yes = 1 No = 0 Awarded Marks 2.4 Meeting of Audit Committee (5 Marks) Sl.No. Indicator Prescribed Marks I Did the Audit Committee meet at least four times during the last 12 months? ii iii Did the frequency of the Audit Committee meetings as per the norms (i.e not more than four months shall elapse between two meetings)? Did the minimum of two Independent Directors attend the meeting of the Criteria for Measurement 1 Yes = 1 No = 0 2 Yes = 2 No = 0 2 Yes = 2 No = 0 Awarded Marks
Audit Committee? 2.5 Review of Information by Audit Committee ( 5 Marks) Sl.No. Indicator Prescribed Marks i Does the Audit Committee review the management discussion and analysis of financial condition and results of operations? ii. Does the Audit Committee review the statement of related party transactions submitted by management? iii. Does the internal audit department report relating to internal control weaknesses reviewed by the Audit Committee? iv. Is the information regarding appointment and/or removal of Chief Internal Auditor placed before the Audit Committee? v. Does the Audit Committee review the declaration of financial statements by the CEO/CFO? Criteria for Measurement 1 Yes = 1 No = 0 1 Yes = 1 No = 0 1 Yes = 1 No = 0 1 Yes = 1 No = 0 1 Yes = 1 No = 0 Awarded Marks 3.1 Constitution of Remuneration Committee (5 Marks) Sl.No. Indicator Prescribed Marks Criteria for Measurement i. Does the Board have 1 Yes = 1 Remuneration Committee? No = 0 ii Does the remuneration 2 Yes = 2 committee comprise of at No = 0 least 3 directors who are all part-time directors (Nominee or Independent)? iii Is the remuneration committee chaired by an Independent Director? 2 Yes = 2 No = 0 Awarded Marks 4.1 Board of Subsidiary Companies (3 Marks) Sl.No. Indicator Prescribed Marks i. Does the Board of Subsidiary company include Criteria for Measurement 1 Yes = 1 No = 0 Awarded Marks
Page 1 and 2: MEMORANDUM OF UNDERSTANDING BETWEEN
Page 4 and 5: 2 CCL_MOU_2012-13_55.55MT.xls MEMOR
Page 10 and 11: MINISTRY : COAL COMPANY: CENTRAL CO
Page 12: MINISTRY : COAL Company : CENTRAL C
Page 15 and 16: HRM performance Indicators Executiv
Page 17 and 18: HRM performance Indicators Executiv
Page 19 and 20: Table 2 - Projects chosen by CPSE A
Page 21 and 22: TEMPLATES FOR CSR REVIEW TABLE - I
Page 23 and 24: Annexure - XIII SD Performance Targ
Page 25 and 26: TABLE 3 PROJECTS CHOSEN BY CPSE Sr
Page 27 and 28: Table 5 - Publication of SD Perform
Page 29 and 30: part-time Directors including Indep
Page 31: management? 2.2 Audit Committee Rol
Page 35 and 36: iii. Audit Committee? Are the detai
Page 37 and 38: issues; (i) Environmental conservat
Page 39: 6.5 Timely Submission of Grading Re
Page 43 and 44: New pricising of non coking coal ba
Page 45: COMPANY WISE GRADE WISE COAL PRICES

MOU 2012-13 - CCL

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