Akshaya Patra - Annual Report 2015

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BOARD OF TRUSTEES (A) Composition of Board The Foundation’s Board presently comprises of nine Trustees, all having considerable experience in their respective fields. Name Of Trustee Madhu Pandit Dasa Chanchalapathi Dasa Suvyakta Narasimha Dasa Jagan Mohan Krishna Dasa T.V. Mohandas Pai Abhay Jain Age Gender Position on Board Occupation Area of Competency No. of Board Meetings Held Attended 58 Male Chairman Missionary Volunteer, Management / The Akshaya Patra Foundation Governance 2 2 51 Male Vice Chairman Missionary Volunteer, The Akshaya Patra Foundation Management 2 2 41 Male Trustee Missionary Volunteer, Operations and 2 - Project The Akshaya Patra Foundation Management 37 Male Trustee Missionary Volunteer, Operations and 2 - The Akshaya Patra Foundation Project Management 56 Male Trustee Chairman, Manipal Global Finance/HR/ Education Services Governance 2 2 55 Male Trustee Board Member & Head - Group Corporate Affairs, Government Relations 2 2 Manipal Education & Medical Group Ramdas Kamath 53 Male Trustee Senior Vice-President, Finance / Administration, Commerical Infrastructure Facilities, Infrastructure & Security, Infosys Technologies 2 - V. Balakrishnan Raj Kondur 50 Male Trustee Founder & Chairman, Exfinity Finance / Governance 2 1 43 Male Trustee Founder & CEO, Kondur Corp Management 2 - Table 5: Composition of the Board of The Akshaya Patra Foundation (B) Profile of the Board Members The detailed profiles of the Board Members have been separately covered in a section ‘Board of Trustees’ of this Annual Report. ( Refer page number 41-42.) (C) Other Information Regarding Board Your Foundation’s Board of Trustees plays primary role in ensuring good governance and functioning of the Foundation. The Board’s role, functions, responsibility and accountability are clearly defined. The Agenda and Notes on Agenda are generally circulated to the Trustees in advance of each meeting of the Board of Trustees. Where it is not practical to attach or send the relevant information as a part of agenda papers, the same are tabled at the meeting and the presentations are made to the Board. The Members of the Board have complete freedom to express their opinion and the decisions are taken after detailed discussions. The Board periodically reviews the operations of the Foundation. The Foundation follows the discipline of submitting the Monthly Financials to the Board of Trustees, providing them with updates on the performance of the Foundation and other important matters. The Board also reviews the same and advices the Management from time to time with their feedback/inputs. Apart from the above, additional Board Meetings are convened by providing appropriate notice to address the specific needs of the Foundation. The members do not take any sitting fees from the Foundation. 80
The Board of Trustees met two times during the year. The details of Board Meetings held during Financial Year 2014-15 are as under: Sl. No. Date of Board Meeting City No. of Trustees Present 1 21 st December 2014 Bengaluru 4 2 28 th March 2015 Bengaluru 5 Table 6: Particulars of Board meetings held I. AUDIT COMMITTEE (A) Composition of Audit Committee Your Foundation has an Audit Committee at the Board level, which acts as a link between the Management, the Statutory and Branch Auditors and the Board of Trustees and oversees the financial reporting process. The composition of the Audit Committee is as follows: 1. V. Balakrishnan, Chairman 2. Ramdas Kamath, Member 3. Raj Kondur, Member The Statutory Auditors, Chief Executive Officer, Chief Financial Officer and other senior officers of the Foundation are permanent invitees to the Audit Committee Meetings. The Branch Auditors of the Foundation are also invited to the Audit Committee Meetings as necessary. (B) Meetings of Audit Committee During the year under review, the Audit Committee met four times to deliberate on various matters and the details of the composition, attendance by the Committee members are as follows: Name of Member No. of Meetings Held Attended V. Balakrishnan 4 4 Ramdas Kamath 4 0 Raj Kondur 4 4 Table 7: Particulars of Audit Committee meetings held Committee members do not take any sitting fees from the Foundation. (C) Charter of Audit Committee The detailed Charter of the Audit Committee can be availed from the Foundation’s website www.akshayapatra.org 81
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THE MAKING OF A DREAM Dreams know n
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THE AKSHAYA PATRA FOUNDATION A drea
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CHAIRMAN’S MESSAGE Keeping the ch
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TRUSTEES’ OVERVIEW Dreams worth b
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Reaching the stars is my dream 5 Th
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“When I was little, my father use
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“Seeing the stars through the big
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Ms. Preethi Krishnamurthy has been
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15 His Holiness the 14 th Dalai Lam
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THE GOVERNMENT AND AKSHAYA PATRA Th
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THE AKSHAYA PATRA KITCHEN Food Safe
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COMPARATIVE NUMBER OF MEALS (IN LAK
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YEAR-ON-YEAR COST BREAK-UP 100% 11%
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Barbara Kinney, Award-Winning Photo
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IN THE SPOTLIGHT In her imaginary w
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Page 46 and 47: GOVERNANCE MODEL 40
Page 48 and 49: BOARD OF TRUSTEES T.V. Mohandas Pai
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Page 56 and 57: 2014-15 IN A WRAP The Financial Yea
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Page 80 and 81: Result of Operations The Foundation
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Page 88 and 89: II. DISCLOSURES (A) Basis of Relate
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Page 130: The Akshaya Patra Foundation Regd O
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Akshaya Patra - Annual Report 2015

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