Page 119 - Tata_Chemicals_yearly-reports-2020-2021

Integrated Report Statutory Reports Financial Statements
1-59 Corporate Governance Report 147-300

Details of Remuneration of Executive Directors for FY 2020-21
(`)
Perquisites and Total
Name of the Director Salary Commission*
Allowance Remuneration
Mr. R. Mukundan – Managing Director & CEO 1,19,34,000 2,00,31,185 3,25,00,000 6,44,65,185
Mr. Zarir Langrana – Executive Director 66,15,000 1,13,37,932 1,35,00,000 3,14,52,932
*Commission relates to FY 2020-21, which will be paid during FY 2021-22

Non-Executive Directors the Company held on July 25, 2018 approved the payment
During FY 2020-21, the Company paid sitting fees of of commission to the Non-Executive Directors within the
` 30,000 per Meeting to the Non-Executive Directors for ceiling of 1% per annum of the net profits of the Company
attending each Meeting of the Board; Audit Committee and as computed under the applicable provisions of the Act.
Nomination and Remuneration Committee; and ` 20,000 The said commission is decided each year by the Board
per Meeting for attending each Meeting of Stakeholders of Directors and distributed amongst the Non-Executive
Relationship Committee; Meeting of Independent Directors; Directors based on their attendance and contribution at
Corporate Social Responsibility Committee; Safety, Health, the Board and Committee Meetings. The Company also
Environment and Sustainability Committee and Risk reimburses out-of-pocket expenses incurred by the Directors
Management Committee. The Members had, at the AGM of for attending the Meetings.

Details of sitting fees paid and commission payable to the Non-Executive Directors for FY ended March 31, 2021 is given below:
(`)
Sitting Fees paid Commission (for FY 2020-21
Name of the Director
during FY 2020-21 payable in FY 2021-22)
Mr. N. Chandrasekaran @ 1,20,000 N.A.
Mr. Bhaskar Bhat # 2,70,000 30,00,000
Ms. Vibha Paul Rishi 8,40,000 40,00,000
Mr. S. Padmanabhan * 9,00,000 N.A.
Ms. Padmini Khare Kaicker 7,40,000 40,00,000
Dr. C. V. Natraj 6,10,000 40,00,000
Mr. K. B. S. Anand 5,10,000 30,00,000
Mr. Rajiv Dube & 1,70,000 20,00,000
Total 41,60,000 2,00,00,000
@ Appointed as an Additional, Non-Executive Non-Independent Director and Chairman of the Board w.e.f. November 24, 2020. As a policy, Mr. Chandrasekaran
has abstained from receiving commission from the Company
# Resigned as a Non-Executive Non-Independent Director w.e.f. November 24, 2020
* In line with the internal guidelines, no payment is made towards commission to Mr. S. Padmanabhan, Non-Executive Director of the Company, who is in
full-time employment with other Tata company
& Appointed as an Additional, Non-Executive Independent Director of the Company w.e.f. September 18, 2020
As per the practice, commission to the Directors is paid after the annual accounts are adopted by the Members at the AGM.
The Company has not granted any stock options to its Directors.

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