Shopper's Stop Limited - Securities and Exchange Board of India

Apart from this, Business India voted Mr. Nagesh as one of the top 50 managers in India who will
influence the Indian business scenario in the 21st century. Mr. Nagesh was amongst the 30 nominees for
the Ernst & Young Entrepreneur of the Year Award in 2000.
Mr. Vittorio Luigi Radice, 47, Director, is the director of Abbey National PLC. He was until recently
Executive Director of the home group of Marks & Spencer, the U.K. based global retailer. Prior to this he
was the Managing Director of Selfridges, another retail organization in U.K. Besides these assignments
he had also served as buying director and later Managing Director of Habitat International.
Mr. Gulu L Mirchandani, 61, Director, is the chairman and managing director of Mirc Electronics Limited.
He is a Bachelor in Mechanical Engineering from BITS, Pilani. As Chairman and Managing Director of
Mirc, Mr. Mirchandani is responsible for formulating, incubating and delivering emerging technologies and
services in the area of colour televisions. Under his leadership and guidance, Mirc Electronics won an
“Award for Excellence in Electronics” in 1999. He is also a member of the Board of Directors of KEC
International Limited and Blow Plast Limited.
Mr. Shahzaad Siraj Dalal, 45, Director, is the Vice Chairman and Managing Director of IL&FS
Investment Managers Limited. He is a Management Graduate with over 20 years of experience. Mr. Dalal
is also on the Board of various IL&FS Group Companies such as IL&FS Asset Management Limited,
IL&FS Education and Technology Services Limited, Noida Toll Bridge Company Limited. Previously Mr.
Dalal was responsible for the overall planning and raising of resources for finance for Infrastructure
Leasing & Financing Services Limited (IL&FS) sponsored infrastructure projects. Prior to joining IL&FS
Mr. Dalal was responsible for structured leasing and hire purchase products, marketing and credit
evaluation with erstwhile ICICI Ltd.
Mr. Nitin J Sanghavi, 55 is a professor of Retail Marketing and Strategy , Manchester Business School,
University of Manchester. He is also a director of The Retail Centre, Manchester Business School,
University of Manchester. He runs several electives for full time and Executive MBA Programmes. He has
directed and taught on many executive programmes for major retail and retail related organisations as
well FMCG organisations and financial institutions in the UK, USA, Europe and far east focusing on
strategic issues on retailing /consumer marketing. He is a fellow of the Royal Society of Arts, Commerce
and Manufacturing and a member of the International Society of Franchising and of the American
Collegiate Retail Association. He has also been a special advisor /consultant to the British Council and
Common Wealth Secretariat. He has also been a special advisor to the Boards of Tesco Stores Plc.,
House of Fraser Plc. as well as advisor to the Boards of Argos Plc., and Homebase Plc. He is also a
member of the Advisory Council of the Gordon Brothers, USA/Europe. He has been recently appointed
special advisor on retailing for the World Bank.
Ms. Bala Deshpande, 40, Director, completed her Bachelors of Arts in Economics from St. Xavier’s
College, Master of Arts in Economics from the Department of Economics, Bombay University and MBA in
Marketing from Jamnalal Bajaj Institute of Management Studies. She brings more than ten years of multi
industry experience to ICICI Venture Funds Management Company Limited. She has worked for Cadbury
India Limited, ICI India Limited and International Best Foods Limited. She was part of Strategic Planning
team for four years in International Best Foods and was also nominated for the Woman Leadership
Forum held in Best Foods, New York. At ICICI Limited, she was involved in shaping the e-commerce
ventures such as Traveljini.com Limited and Billjunction Payments Limited. At ICICI Venture Funds
Management Company Limited, Ms Bala Deshpande focuses on investments in the retail, media and
brand related sectors.
Mr. Deepak Ghaisas, 46, Director is the CEO – India Operations, CFO and Company Secretary of I-flex
Solutions Ltd. Mr. Ghaisas is B.Com, A.C.A,F.C.S, A.I.C.W.A, Mr. Ghaisas is an Executive Member of
the NASSCOM Executive Council. He is also the Chairman of the IT committee of CII. Mr. Ghaisas was
also a member of the Internet Banking Committee of the Reserve Bank of India, which formulated
guidelines on Internet banking and security in India. Mr. Ghaisas is a visiting faculty at management
campuses in India and on the advisory board of a number of business schools. Mr. Ghaisas has won
CFO Asia Award in the category – Managing Finance in a Small And Medium Enterprises.
Compensation of Managing Director / Wholetime Director
Our Board of Directors at its meetings held on March 6, 2000 had approved the appointment and
remuneration payable to Mr. B.S. Nagesh as Managing Director and CEO for a period of 5 years w.e.f
April 01, 2000. For further details please refer to the section titled ‘Statutory and other Information” on
page 315 of this draft Red Herring Prospectus. Further, our Board of Directors at its meetings held on
April 19, 2004 had approved the re-appointment and remuneration payable to Mr. B.S. Nagesh as
Managing director and CEO for a period of 5 years w.e.f April 01, 2005. Our other Directors do not
receive any remuneration from us except for the sitting fees for attending the Board of Directors Meetings
by way of gift vouchers.
Corporate Governance
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