MEUSE KARA & SUNGRACE MAFATLAL LIMITED 27TH ANNUAL REPORT 2011-12
(FORMERLY KNOWN AS BIO GREEN INDUSTRIES LIMITED)
CORPORATE GOVERNANCE 1.
Company’s Philosophy on Code of Governance Meuse Kara & Sungrace Mafatlal Limited (Formerly known as Bio Green Industries Limited) philosophy on corporate governance envisages the attainment of the highest levels of transparency, accountability and equity, in all facets of its operations, and in all its interactions with its Shareholders, Employees, and the Government. Meuse Kara & Sungrace Mafatlal Limited believes that all its operations and actions must serve the underlying goal of enhancing overall Shareholder value, over a sustained period of time.
2.
Board of Directors Composition and category of Directors is as follows:
Sr. No.
1
Name
Mr. Velamala Jagdish
Classification No. of No. of of the Board Directorships Director held in other Meetings companies* Attended
Promoter, Non-executive Director
Attended Last AGM
No. of Memberships / Chairmanships held on committees of other Companies
1
14
Yes
Membership in Audit Committee, Investors’ Grievance Committee.
3
14
Yes
—
2
Mr. Amrut Shah
Promoter, Non-executive Director
3
Mr. Jiten Shah (Appointed w.e.f. 21/09/2011)
Managing Director
NIL
10
—
—
4
Mrs.Kavya Singh (Appointed w.e.f. 26/12/2011)
Executive Director
NIL
7
—
—
5
Mr. Ghanshyam Mishra
Independent Director
NIL
14
Yes
—
6
Mr.K.Ramakrisha Independent Reddy(Resigned Director w.e.f. 24/01/2012)
NIL**
10
Yes
—
12