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COMPOSITION
Mr. Chhotu Ram Sharma Chairman
Mr. Rakesh Batra Member
Mr. Shailendra Swarup Member
Terms of reference
The Committee shall:
  1.  Formulate the criteria for determining qualifications, positive attributes and independence of a director and recommend to the Board a policy relating to the remuneration of Directors, key managerial personnel and other employees.
  2. Formulation of criteria for evaluation of the Independent Director and to carry out the evaluation of every Director’s performance and to provide the necessary report to the Board for further evaluation.
  3.  Devising a policy on Board diversity.
  4. Identify persons who are qualified to become Director and persons who may be appointed in Key Managerial and Senior Management positions in accordance with the criteria laid down in this policy.
  5. To provide to Key Managerial Personnel and Senior Management reward linked directly to their effort, performance, dedication and achievement relating to the Company’s operations.
  6. To retain, motivate and promote talent and to ensure long term sustainability of talented managerial persons and create competitive advantage.
  7. Ensure that level and composition of remuneration is reasonable and sufficient, the relationship of remuneration to performance is clear and meets appropriate performance benchmarks.
  8. To carry out any other function as is mandated by the Board from time to time and / or enforced by any statutory notification, amendment or modification, as may be applicable.
  9. To perform such other functions as may be necessary or appropriate for the performance of its duties.
  10. To develop a succession plan for the Board and to regularly review the plan.

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