Lecture 3

Question 1

What shall the composition of human resource and remuneration committee as per code of corporate governance for listed companies?

Answer 1

at least 3 members comprising majority of non executive directors of whom at least 1 should be an independent director

Question 2

Who shall be the chairman of the hR committee as per CCG for listed companies

Answer 2

The chairman of the committee shall be an independent director and the CEO may be included as the member of the committee

Question 3

How frequently should an HR committee meet? as per CCG listed co

Answer 3

at least once in a financial year

Question 4

Who can request a meeting of the HR committee as per CCG listed co?

Answer 4

1. member of the board
2. committee itself
3. CEO
4. Head of HR committee
   or
5. Committee secretary (appointed by the board)

Question 5

Who can only attend meeting of HR committee on invitation as per CCG listed co?

Answer 5

1. CEO if not a member
2. Head of human resource (if not the secretary to the committee)
3. any other advisor or person

Question 6

When shall a member of the Hr committee not attend HR committee meeting as per CCG listed co?

Answer 6

when an agenda item relating to his performance or review or renewal of terms and conditions of his service comes up for consideration

Question 7

Who shall determine the terms of reference of the hR committee as per CCG listed co?

Answer 7

board

Question 8

What my be included in the terms of reference of the audit committee as per cCG listed co?

Answer 8

1. forward to board policy framwork for remuneration of directors
2. undertaking annually performance evaluation of board and its committees etc