Amal Ltd 2014-15

23 2.2 Appointment and tenure 2|3rd of the Directors (other than the 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 up to 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 five Non-executive Directors, and one Managing Director. The composition of the Board comprises not less than 50% Independent Directors, thereby complying with the Listing Agreements. The Non-executive Directors are eminent professionals, drawn from amongst persons with skills, experience and knowledge in one or more fields of finance, law, management or any other discipline related to the business of the Company. No. 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 3 1 S S Lalbhai 5 3 - Managing Director 2 V Koppaka 4 - - - 3 T T P Shaheel 5 - - - Non-executive Directors 4 T R Gopi Kannan 7 3 - 5 N C Singhal 6 - - - 6 S A Shah 8 4 4 7 A R Jadeja - 1 - 8 S Mahalakshmi 7 - 1 - Except Mr T R Gopi Kannan all other Non-executive Directors are Independent 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 Stakeholders’ relationship Committees of all public limited companies including the Company were considered 3 Chairman – Promoter and Non-executive Director 4 upto October 17, 2014 | 5 Effective October 18, 2014 | 6 Resigned on February 01, 2015 | 7 Effective August 05, 2014 2.4 Board meetings The Board meeting dates were normally determined well in advance. During 2014-15, the Board met five times: Number Day Date Venue 1 Friday April 25, 2014 Mumbai 2 Thursday July 17, 2014 Mumbai 3 Thursday October 16, 2014 Mumbai 4 Friday December 05, 2014 Mumbai 5 Saturday January 10, 2015 Mumbai