Download the Annual Report for 2010-11. - kiocl limited

Corporate Governance (Contd.)Details of remuneration of Whole time Directors during the year 2010-11 are given below( ` in Lakhs )Name of Director Salary Benefits Company Contribution Total for the(S/Shri) to PF & Gratuity year 2010-11K Ranganath 30.75 5.64 4.29 40.68M B Padiyar 25.51 11.21 4.23 40.95TMGK Bhat 24.12 5.53 4.17 33.82Maj. Gen (Retd) (Dr.) 2.36 0.01 0.26 2.63O P Soni **Part of the yearNon Official Part Time Government Nominee Directors are not paid any remuneration.They are also not paid sitting fees for attending Board Meetings. Independent Directors arepaid sitting fee of ` 10,000/- per meeting of the Board/Committee of the Board attended.Details of sitting fees paid to the Independent Directors during the year 2010-11 are givenbelow: -( in ` )Name of Director Sitting Fees Total(S/Shri) Board Meetings Committee MeetingsN. R. Mohanty 70,000/- 1,30,000/- 2,00,000/-B. Ramesh Kumar 90,000/- 1,50,000/- 2,40,000/-Dr. Chiranjib Sen 80,000/- 80,000/- 1,60,000/-Prof. V. R. Sastry 60,000/- 1,50,000/- 2,10,000/-None of the non executive Directors had any pecuniary relationship or transactions with theCompany during the year. The part time Government Directors are ex-officio appointees andtheir terms is co-terminus with the term of respective position held by them in Governmentat the time of appointment on the Company’s Board. The non-executive IndependentDirectors are appointed for a period of three years.4. Directors ShareholdingThe following Directors holding the equity shares in the Company as on 31.03.2011.Name of DirectorNumber of shares heldShri M. B. Padiyar, Director (P&P) 150Shri TMGK Bhat, Director (Finance) 10057