JSW STEEL LIMITED Audit Committee
The Audit committee comprises of four Non-Executive Directors, all of whom are Independent Directors. The Members of the Audit Committee are: Mr. Uday M. Chitale, Dr. S.K.Gupta, Mr. Sudipto Sarkar and Mr. K.Vijayaraghavan. The chairman of the audit committee is Mr. Uday M. Chitale.
The committee's primary duties and responsibilities are to
- To review the financial statements before submission to the Board;
- To review reports of the Management Auditors and Internal Auditors;
- To review the weaknesses in internal controls reported by Internal and Statutory Auditors;
- To review the remuneration of Chief Internal Auditor;
- To approve the appointment of the Chief Financial Officer (CFO);
- In addition, the powers and role of the Audit Committee are as laid down under clause 49 II C and D of the Listing Agreement and Section 292A of the Companies Act, 1956.
Audit Committee
The Project Review Committee comprises of 5 Directors. The Members of the committee are: Mr. Anthony Paul Pedder, Dr. Vinod Nowal, Dr. S.K.Gupta, Mr. K.Vijayaraghavan and Mr. Y. Kurokawa. The chairman is Mr. Anthony Paul Pedder.
The terms of reference of the Committee are as follows
- To closely monitor the progress of Large Projects, in addition to ensuring a proper and effective co-ordination amongst the various project modules essentially with the objective of timely project completion within the budgeted project outlay.
- To review new strategic initiatives.
JSW Steel Limited issued this content on 14 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 April 2016 10:06:26 UTC
Original Document: http://www.jsw.in/steel/jsw-steel-board-committee
