9 assessment of quality, quantity and timeliness of the flow of information to the Board and iv) review of the performance of the Board as a whole. 17.3.3 The Board has carried out an annual evaluation of the performance of: i) its committees namely Audit, Corporate Social Responsibility, Nomination and RemunerationandStakeholdersRelationship ii) the Independent Directors The templates for the above purpose were circulated in advance for feedback of theDirectors. 17.4 Familiarisation programs for the Independent Directors The Company has familiarisation programs for its Independent Directors. It comprises, amongst others, presentations by and discussions with the SeniorManagement on thenatureof the industries in which it operates, its vision and strategy, its organisation structure and relevant regulatory changes. 18. Key manager ial personnel and other employees 18.1 Appointments and cessations of the key managerial personnel There were no appointments | cessations of the key managerial personnel during 2022-23. 18.2 Remuneration The Remuneration Policy of the key managerial personnel and other employees consists of the following: 18.2.1 Components: i) Fixed pay a) Basic salary b) Allowances c) Perquisites d) Retirals ii) Variable pay 18.2.2 Factors for determining and changing fixed pay: i) Existing compensation ii) Education iii) Experience iv) Salary bands v) Performance vi) Market benchmark 18.2.3 Factors for determining and changing variable pay: i) Business performance ii) Individual performance iii) Work level 19. Analysis of remuneration The information required pursuant to Sections 134(3)(q) and 197(12) of the Companies Act, 2013 read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is given at page number 19. The Company is not required to disclose the information required as therewere no employees dur ing 2022-23 drawing remunerat ion exceeding the limit specified. 20. Management Discussion and Analysis The Management Discussion and Analysis cover ing per formance is given at page number 20. 21. Corporate Governance Report 21.1 Declaration given by the Independent Directors The Independent Di rectors have given declarations under Section 149(6) of the Act. 21.2 Report The Corporate Governance Report is given at page number 21. Details about the number of
RkJQdWJsaXNoZXIy MjA2MDI2