Page 71 - Tata_Chemicals_yearly-reports-2020-2021

Integrated Report Statutory Reports Financial Statements
1-59 Board's Report 147-300

The Independent Directors of the Company have confirmed potential candidates, prior to making recommendations of
that they have enrolled themselves in the Independent their nomination to the Board. At the time of appointment,
Directors’ Databank maintained with the Indian Institute specific requirements for the position including expert
of Corporate Affairs (‘IICA’) in terms of Section 150 of the knowledge expected is communicated to the appointee.
Act read with Rule 6 of the Companies (Appointment & The list of core skills, expertise and competencies of the Board
Qualification of Directors) Rules, 2014. They are exempt of Directors as are required in the context of the businesses
from the requirement to undertake the online proficiency and sectors applicable to the Company are identified by the
self-assessment test conducted by IICA.
Board and are available with the Board. The Company has
Details of Familiarisation Programme for the Independent also mapped each of the skills, expertise and competencies
Directors are provided separately in the Corporate against the names of the Board Members possessing the
Governance Report which forms a part of this Integrated same. The same is disclosed in the Corporate Governance
Annual Report. Report forming part of this Integrated Annual Report.

Key Managerial Personnel (‘KMP’) Scientific Advisory Board
Mr. John Mulhall ceased as the Chief Financial Officer (CFO) The Board has constituted a Scientific Advisory Board
of the Company with effect from March 31, 2021 upon consisting of scientists with relevant domain expertise under
his transfer as Managing Director & CEO of Tata Chemicals the Chairmanship of Dr. C. V. Natraj, Independent Director
North America Inc., a wholly owned subsidiary of the of the Company with a view to synergise the Research &
Company. Development initiatives at the Company’s Innovation Centre
and Research & Development Centres (Crop Care and Seeds
Pursuant to the recommendations of the Nomination & respectively) of Rallis India Limited. Further details in this
Remuneration Committee and Audit Committee, the Board regard are provided in the Corporate Governance Report.
appointed Mr. Nandakumar S. Tirumalai as the Chief Financial
Officer and Key Managerial Personnel of the Company with Criteria for determining Qualifications, Positive
effect from April 1, 2021. Attributes and Independence of a Director
The NRC has formulated the criteria for determining
In terms of the provisions of Section 2(51) and Section 203 of qualifications, positive attributes and independence of
the Act, the following are the KMP of the Company:
Directors in terms of provisions of Section 178(3) of the Act
and the SEBI Listing Regulations. The relevant information
• Mr. R. Mukundan, Managing Director & CEO
has been given in Annexure 3 which forms part of this
• Mr. Zarir Langrana, Executive Director Report.

• Mr. Nandakumar S. Tirumalai, Chief Financial Officer Board Evaluation
(w.e.f. April 1, 2021) The Board has carried out the annual evaluation of its own

• Mr. Rajiv Chandan, General Counsel & Company performance and that of its Committees and individual
Secretary Directors for the year pursuant to the provisions of the Act
and the SEBI Listing Regulations. The exercise of performance
Procedure for Nomination and Appointment of evaluation was carried out electronically through a secure
Directors application. This resulted in saving paper, reducing the cycle
The NRC is responsible for developing competency time to make documents available to the Board/Committee
requirements for the Board based on the industry and Members and in increasing confidentiality and accuracy.
strategy of the Company. The Board composition analysis The performance of the Board and individual Directors was
reflects in-depth understanding of the Company, including evaluated by the Board after seeking inputs from all the
its strategies, environment, operations, financial condition Directors. The criteria for performance evaluation of the
and compliance requirements.
Board included aspects such as Board composition and
The NRC conducts a gap analysis to refresh the Board on a structure, effectiveness of Board processes, contribution in
periodic basis, including each time a Director’s appointment the long-term strategic planning, etc. The performance of the
or re-appointment is required. The Committee is also Committees was evaluated by the Board after seeking inputs
responsible for reviewing the profiles of potential candidates from the Committee Members. The criteria for performance
vis-à-vis the required competencies and meeting the evaluation are broadly based on the Guidance Note issued

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