2009-10 - Aditya Birla Nuvo, Ltd

BIRLA SUN LIFE INSURANCE COMPANY LIMITED
The changes in the chairmanship/ directorship of the Company during the Financial Year (FY)
2009-10 are given in Table 01:
Name of the Directors
Particulars
Dr. Bharat K. Singh Ceased to be a Director of the Company w.e.f. May 11, 2009
Dr. Rakesh Jain Appointed as an Additional Director w.e.f. November 10, 2009
Ms. Tarjani Vakil Appointed as an Additional Director w.e.f. November 10, 2009
Mr. Kumar Mangalam Birla Ceased to be the Chairman w.e.f. November 10, 2009
Mr. Donald A. Stewart Appointed as the Chairman w.e.f. November 10, 2009
Mr. Stephan Rajotte Ceased to be a Director of the Company w.e.f. January 23, 2010
Mr. Dikran Ohannessian Appointed as an Additional Director w.e.f. January 23, 2010
Mr. Ajay Srinivasan Re-appointed as Managing Director upto June 30, 2010
Table 01
I.B. Details of Directorships/Committee Membership
The composition of our Board, their Directorships/Committee memberships and Chairmanships
(excluding the Company) as on 31st March, 2010 is given in Table 02:
Name of the Directors Designation No. of No. of
Directorship(s) Committee Chairmanship
in other Public Membership** in Committees**
Companies*
Mr. Donald A. Stewart Non-Executive 1 Nil Nil
Director (Chairman)
Mr. Kumar Mangalam Birla Non-executive Director 9 Nil Nil
Mr. Ajay Srinivasan Managing Director 3 Nil Nil
Mr. Bishwanath Non-executive Director 2 2 Nil
N. Puranmalka
Mr. Dikran Ohannessian Non-executive Director 1 Nil Nil
Mr. Gian P. Gupta Non-Executive Director 10 4 3
(Policyholders’ representative,
Independent)
Dr. Rakesh Jain Non-executive Director 5 1 Nil
Mr. Suresh N. Talwar Non-Executive Director 13 6 2
(Independent)
Ms. Tarjani Vakil Non-Executive Director 6 2 4
(Independent)
Mr. Venkatesh S. Mysore Non-executive Director 2 Nil Nil
Table 02
* Excluding alternate directorships and directorships in foreign companies and companies under section 25 of the Companies Act,
1956.
** Only Audit Committee and Shareholders’ Grievance Committee of all public limited companies (whether listed or not) have been
considered for the purpose of the Committee positions (membership and chairmanship), as per Clause 49 of listing agreement.
I.C. Non-executive Directors’ Compensation and Disclosures
As stated earlier, nine of our Directors are Non-Executive Directors. Of these, seven Directors are
representatives of the two shareholders i.e. Aditya Birla Nuvo Limited (04) and Sun Life Financial
(03) and the rest three are Independent. As decided by the Board, no remuneration of whatsoever
nature is paid to these Non-Executive Directors, except for a sitting fee to the three Independent
Directors, as detailed hereunder.
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