Aspire-annual-report2017-18-forwebsite

BOARD OF
TRUSTEES
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 advises 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.
(A) Composition of the Board
The Foundation’s Board comprises eight Trustees, all having considerable experience in their respective fields.
Name of Trustee Age ** Gender Position on Board Occupation
Number of Board
Meetings
Madhu Pandit Dasa 61 Male Chairman Missionary Volunteer 2 1
Held
Attended
The Board of Trustees met on two occasions during the year. The details of Board meetings held during
FY 2017-18 are as under:
Sl. No. Date of Board Meetings Location
Number of Trustees
Present
1. 9-Dec-2017 Bengaluru 5
2. 24-Mar-2018 Bengaluru 5
Table 6: Particulars of the Board meetings
Chanchalapathi Dasa 55 Male Vice-Chairman Missionary Volunteer 2 2
Jaganmohan Krishna Dasa 40 Male Trustee Missionary Volunteer 2 1
Ratnangada Govinda Dasa 44 Male Trustee Missionary Volunteer 2 2
T.V. Mohandas Pai 59 Male Trustee
Abhay Jain 59 Male Trustee
V. Balakrishnan 53 Male Trustee
Chairman, Manipal Global
Education Services P Ltd.
Advisor - Group Corporate
Affairs, Manipal Education &
Medical Group
Founder and Chairman,
Exfinity Venture Partners;
Chairman, Tejas Networks Ltd.
2 -
2 -
2 2
Raj P. Kondur 47 Male Trustee CEO, Plank Labs 2 2
(B) Profile of the Board Members
Table 5: Composition of the Board
** Age as at 24 August, 2018
The detailed profile of the Board Members is included separately in the section ‘Board of Trustees’ of this Annual Report.
(Refer page number 17)
(C) Other Information Regarding the Board
Your Foundation’s Board of Trustees plays a primary role in ensuring good governance and functioning of the Foundation.
The Board’s roles, functions, responsibilities, and accountabilities are defined.
The Agenda and Notes of each meeting of the Board of Trustees is circulated to the Trustees in advance. If it is not practical to
attach or send the relevant information as a part of agenda papers, the same is tabled at the meeting with presentations to the
Board. The Members of the Board have complete freedom to express their opinion and the decisions are taken after detailed
discussions.
I. AUDIT COMMITTEE
(A) Composition of the Audit Committee
Your Foundation has an Audit Committee at the Board level, which acts as a link between the Management, the Statutory
and Internal Auditors, and the Board of Trustees, and oversees the financial reporting process.
The composition of the Audit Committee is as follows:
> V. Balakrishnan, Chairman
> Raj P. Kondur, Member
> Suresh Senapaty, Member
Chief Executive Officer, Chief Financial Officer, and other senior officers of the Foundation are permanent invitees to the
Audit Committee meetings. The internal auditors of the Foundation are also invited to the Audit Committee meetings as
necessary.
Suresh Senapaty
Mr. Senapaty was a former member of the Board and Chief Financial Officer of Wipro
Ltd. He is the Chairman of Honeywell Automation India Ltd. and Member of the Board
of various companies, listed and non-listed including ITRAF (International Tax Research
and Analysis Foundation). He was a member of many other committees including
NACAS, SCODA and also a member of the IFRS Global Advisory Board.
A regular speaker at various seminars and forums, Mr. Senapaty has won several awards
and accolades to his credit, most notable amongst them being the Best CFO award
in 2002 by IMA (an associate of Economist Corporate Network) in association with
American Express, the Best CFO award for IT/ITES sector by CNBC-TV 18, CFO Wall of
Fame by 9dot9 Mediaworx (an Indian print media under 9dot9 publications).
ANNUAL REPORT 2017-18 ASPIRE - 37
ASPIRE - 38 ANNUAL REPORT 2017-18