2009-10 - Aditya Birla Nuvo, Ltd

BIRLA SUN LIFE INSURANCE COMPANY LIMITED
III. OTHER COMMITTEES OF THE COMPANY
For ensuring smooth business activities, the Company has constituted certain Board Committees
with well defined charters. The prominent Board Committees, other than the Audit Committee, are
as under:
III.1. FINANCE COMMITTEE
The Board has constituted a Finance Committee in compliance of the revised clause 41 of the
Listing Agreement. As per the Listing Agreement such committee shall consist of not less than one
third of the directors, which shall include atleast one Independent Director.
As per the documented charter, duly approved by the Board, the Finance Committee is responsible
for the following:
a) To approve the following Audited and/or unaudited financial results of the Company.
- Quarterly financial results;
- Year to date financial results;
b) To approve the Limited Review Report of the Auditors on the Quarterly and Year to Date
Financial Results.
c) Place the approved Financials and Limited Review Report before the Board.
III.1.A. Composition
The composition of Finance Committee as on 31 st March 2010 is given in Table 07:
Name of the Committee Member Designation Status
Mr. Ajay Srinivasan Managing Director Member
Mr. Bishwanath N. Puranmalka Non-Executive Director Member
Mr. Gian P. Gupta Non-Executive & Independent Director Member
Ms. Tarjani Vakil * Non-Executive & Independent Director Member
Mr. Venkatesh S. Mysore Non-Executive Director Member
Table 07
*Appointed w.e.f. January 23, 2010
The Company Secretary acts as the Secretary to the Committee.
III.1.B. Meetings and attendance
During FY 2009-10, the Finance Committee met once on October 21, 2009 to consider, interalia, the
un-audited financial results of the Company for the quarter and half year ended September 30,
2009.
The attendance of the Finance Committee members at the Finance Committee meeting during FY
2009-10 is given in Table 08:
Name of the Committee Member
No. of Finance Committee meetings
during FY 2009-10
Held
Attended
Mr. Ajay Srinivasan 01 01
Mr. Bishwanath N. Puranmalka 01 01
Mr. Gian P. Gupta 01 01
Mr. Stephan Rajotte* 01 01
Ms. Tarjani Vakil** NA NA
Mr. Venkatesh S. Mysore** NA NA
*Ceased to be Member w.e.f. January 23, 2010.
** Appointed as Member w.e.f. January 23, 2010.
Table 08
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