Page 79 - Tata_Chemicals_yearly-reports-2017-18

Annexure 6 to Board’s Report
'LVFORVXUH RI 0DQDJHULDO 5HPXQHUDWLRQ

[Pursuant to Section 197 of the Companies Act, 2013 and Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel)
Rules, 2014]
A. Ratio of remuneration of each Director to the median remuneration of the employees of the Company for FY 2017-18 as
well as the percentage increase in remuneration of each Director, Chief Financial Officer (CFO) and Company Secretary is as
under:

Name of Director Ratio to median % increase in
remuneration remuneration over
previous year
Non-Executive Directors Integrated Report
Mr. Nasser Munjee 13.64:1 9.40
Dr. Y. S. P. Thorat 13.74:1 43.00
Ms. Vibha Paul Rishi 7.35:1 74.2
Mr. Bhaskar Bhat 0.65:1 (88.00)*
Mr. S. Padmanabhan 1.02:1 (45.05)*
Executive Directors
Mr. R. Mukundan, Managing Director 97.8:1 13.42
Key Managerial Personnel
Mr. John Mulhall, Chief Financial Officer - 34.34
Mr. Rajiv Chandan, General Counsel & Company Secretary - 33.14
Note: Remuneration includes sitting fees and commission for Non-Executive Directors. Commission relates to the financial year ended
31 March, 2018, which will be paid during FY 2018-19. Statutory Reports
* In line with the internal guidelines, no payment is made towards commission to Mr. Bhaskar Bhat and Mr. S. Padmanabhan, Non-Executive
Directors of the Company, who are in full-time employment with other Tata companies.
B. Percentage increase in the median remuneration of employees in the FY 2017-18: 3.10%

C. Number of permanent employees on the rolls of the Company as on 31 March, 2018: 2,327

D. Comparison of average percentile increase in salary of employees other than the managerial personnel and the percentile
increase in the managerial remuneration:

% change in
remuneration
Average increase in salary of employees (other than managerial personnel) 5.19
Average increase in remuneration of managerial personnel 13.42 Financial Statements

E. Affirmation:
It is affirmed that the remuneration paid to the Directors, Key Managerial Personnel and other employees is as per the Remuneration
Policy of the Company.

On behalf of the Board of Directors

Bhaskar Bhat R. Mukundan
Director Managing Director & CEO

Mumbai, 18 May, 2018

Board's Report 77