During the year, the Company has inducted three independent directors on
The Company has arranged a special induction/familiarization program to
directors wherein these three directors have made a two-day visit
in November 2016 to its Corporate Office and its R&D Plant at Hyderabad,
facilities at Visakhapatnam and interacted with all senior colleagues
including the whole
time directors of the Company. During March 2017 also once again the
Board meeting was
conducted in Visakhapatnam and the Directors have visited all the
of the Company. At the time of appointment, the CEO and some other Board
interacted with these new independent directors and explained the
objective and philosophy
and core values of the Company. The Company has provided all the
literature such as its
previous annual reports, presentation on operations, budget vs.
All these independent directors have been provided with the letters of
appointments wherein their duties,
roles and expectations of the Company etc. have been clearly specified.
Apart from the above, senior management personnel of the Company
make presentations to the Board members on the operations of the
its plans, strategy, risks involved, new initiatives etc. and seek their
views and suggestions on the same. The Board members have been provided
with various policies of the Company including Code of Conduct for
Directors and Senior Management Personnel etc.