Amal Ltd 2013-14

Amal Ltd | Annual Report 2013-14 2.2 Appointment and tenure 2|3 rd of the Non Independent Directors are rotational Directors. 1|3 rd of rotational Directors retire in every Annual General Meeting (AGM) and, if eligible, offer themselves for reappointment. The Managing Director is appointed by the Members for a period of five years. 2.3 Composition, name, other directorships | committee memberships The Board comprises experts drawn from diverse fields | professions. At this time, it consists of six Members, comprising three Independent Directors, two Non-executive Directors and one Managing Director. The Independent Directors account for 50% of the strength of the Board, thereby complying with the Listing Agreements. The Independent Directors are eminent professionals, drawn from amongst persons with skill, experience and knowledge in one or more fields of finance, law, management, corporate governance or any other discipline related to the business of the Company. Number Name Directorship(s) in other company (ies)¹ Membership(s) of the Committee(s) of the Board(s)² Chairmanship(s) of the Committee(s) of the Board(s)² Chairman 1 Mr Sunil Lalbhai * ** 5 3 - Managing Director 2 Mr Vasudev Koppaka * - - - Non-executive Director 3 Mr Gopi Kannan Thirukonda * 6 3 - Independent Directors 4 Mr Naresh Singhal 10 4 4 5 Mr Sujal Shah 8 2 4 6 Mr Abhay Jadeja - 1 - * Promoter ** Non-Executive Director 1 excludes Alternate Directorships and Directorships in foreign companies and private limited companies 2 in compliance with Clause 49, Memberships | Chairmanships of only the Audit Committees and Shareholders’ | Investors’ Grievance Committees of all public limited companies including the Company were considered 2.4 Board meetings The Board meeting dates were normally determined well in advance. During 2013-14, the Board met four times: Number Day Date Venue 1 Friday April 26, 2013 Mumbai 2 Thursday July 18, 2013 Mumbai 3 Saturday October 12, 2013 Mumbai 4 Friday January 10, 2014 Mumbai