URANIUM CORPORATION OF INDIA LIMITED - (UCIL).....
URANIUM CORPORATION OF INDIA LIMITED - (UCIL).....
URANIUM CORPORATION OF INDIA LIMITED - (UCIL).....
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ANNEXURE-II TO DIRECTORS’ REPORT<br />
TO SHAREHOLDERS<br />
Corporate Governance<br />
Your Company believes in practicing good Corporate Governance attaining maximum level of<br />
transparency, accountability and integrity in all facets of its operations and continued its efforts in<br />
this direction.<br />
Board of Directors :<br />
In terms of Section 617 of the Companies Act, 1956, <strong>UCIL</strong> is a Government Company. The entire paid<br />
up capital of the company is held by the President of India, including 3 shares held by his nominees.<br />
The Board has optimum combination of executive and non-executive Directors. The Board, as on<br />
31.03.2007, comprised of seven Directors which included (i) three whole-time Functional Directors<br />
viz., Chairman & Managing Director, Director (Finance) & Director (Technical) and (ii) four parttime<br />
Non-Executive Directors. The Board meets at regular intervals and is responsible for the proper<br />
direction and management of the company.<br />
During the financial year ended March 2007, four meetings of the Board of Directors were held on<br />
29.06.2006, 22.09.2006, 26.12.2006 and 09.03.2007. The composition of the Directors, their attendance<br />
at the Board Meetings and Annual General Meeting are as follows :<br />
Name & Position as<br />
on 31.03.2007<br />
Executive Directors<br />
No. of other<br />
Directorships<br />
Shri R. Gupta, Chairman & Functional 04 04 Yes —<br />
Managing Director<br />
Shri K. R. Sivaraman Functional 04 04 NA —<br />
Director (Finance)<br />
Shri D. Acharya Functional 04 03 NA —<br />
Director (Technical)<br />
Non-Executive Directors<br />
Category<br />
Board Meetings<br />
Held during<br />
the tenure<br />
Attended<br />
Attendance at<br />
the AGM held<br />
on 22.09.2006<br />
Shri V.P. Raja Part-time 04 03 No 02<br />
Addl. Secy (I&M), DAE<br />
ex-officio<br />
Shri Rahul Asthana<br />
Part-time<br />
Joint Secy (Fin), DAE ex-officio 04 03 Yes 04<br />
Shri R. M. Sinha, Director, AMD Part-time 01 — NA —<br />
(Upto 30.06.2006)<br />
Shri R.N. Jayaraj Part-time 04 02 NA 01<br />
Chief Executive, NFC<br />
(w.e.f. 03.05.2006)<br />
Shri M.K.Mandal<br />
Part-time<br />
Chief Secretary Ex-officio 03 02 NA —<br />
Govt. of Jharkhand<br />
(w.e.f. 03.05.2006)<br />
(Upto 28.02.2007)<br />
Dr. Anjan Chaki, Director, AMD Part-time 03 03 NA —<br />
(w.e.f. 01.08.2006)<br />
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