Common use of Functions of Committee Clause in Contracts

Functions of Committee. The Nomination and Remuneration Committee shall, inter-alia, perform the followingfunctions: a. Identify persons who are qualified to become Directors and who may be appointedin senior management in accordance with the criteria laid down, recommend to theBoard their appointment and removal. b. To recommend to the Board a policy for following: (i) Determining qualifications, positive attributes and independence of adirector; (ii) Remuneration for the Directors, Key Managerial Personnel and SeniorManagement; (iii) Remuneration is reasonable and sufficient to attract, retain and motivatedirectors of the quality required to run the company successfully; (iv) Relationship of remuneration to performance is clear and meets appropriateperformance benchmarks; and (v) Remuneration to directors, key managerial personnel and seniormanagement involves a balance between fixed and incentive pay reflectingshort and long- term performance objectives appropriate to the working ofthe company and its goals; (vi) Performance evaluation of Independent Directors and the Board;

Functions of Committee. The Nomination and Remuneration Committee shall, inter-alia, perform the followingfunctionsfollowing functions: a. Identify persons who are qualified to become Directors and who may be appointedin appointed in senior management in accordance with the criteria laid down, recommend to theBoard the Board their appointment and removal. b. To recommend to the Board a policy for following: (i) Determining qualifications, positive attributes and independence of adirectora director; (ii) Remuneration for the Directors, Key Managerial Personnel and SeniorManagementSenior Management; (iii) Remuneration is reasonable and sufficient to attract, retain and motivatedirectors motivate directors of the quality required to run the company successfully; (iv) Relationship of remuneration to performance is clear and meets appropriateperformance appropriate performance benchmarks; and (v) Remuneration to directors, key managerial personnel and seniormanagement senior management involves a balance between fixed and incentive pay reflectingshort reflecting short and long- long-term performance objectives appropriate to the working ofthe of the company and its goals; (vi) Performance evaluation of Independent Directors and the Board;