Airtel 2014 Annual Report Download - page 110

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Annual Report 2014-15
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To approve for participation into any tender, bid or
auction by the Company
To register the Company with any Central / State
Government authorities, Semi-Government authorities,
local authorities, tax authorities including sales
tax, service tax, value added tax authorities, labour
law authorities, administrative authorities, business
associations and other bodies.
To purchase, sell, take on lease / license, transfer or
otherwise deal with any property
To apply for and surrender any electricity, power or
water connection
To appoint any Merchant Banker, Chartered Accountant,
Advocate, Company Secretary, Engineer, Technician,
Consultants and / or Professionals for undertaking any
assignment for and on behalf of the Company.
To constitute, reconstitute, modify or dissolve any trust
or association with regard to the administrative matters
or employee related matters and to appoint, reappoint,
remove or replace the trustees or representatives.
To authorise one or more employee(s), officer(s),
representative(s), consultant(s), professional(s), or
agent(s) jointly or severally to:
represent the Company before Central Government,
State Governments, Judicial, Quasi-judicial and
other statutory / administrative authorities or any
other entity
negotiate, finalise, execute, modify, sign, accept,
and withdraw all deed, agreements, undertakings,
certificates, applications, confirmations, affidavits,
indemnity bonds, surety bonds, and all other
documents and papers
affix common seal of the Company
enter into, sign, execute and deliver all contracts
for and on behalf of the Company
To do all such acts, deeds and things as may be required
for the smooth conduct of the operations of the Company
and which does not require the specific approval of the
Board of the Company or which has specifically been
delegated by the Board to any other Committee of the
Board or any officer, employee or agent of the Company.
To perform such other functions as may be authorised /
delegated by the Board or as might have been authorised
/ delegated to the erstwhile Borrowing Committee,
Investment Committee, Committee of Director or the
Allotment Committee.
To authorise / delegate any or all of its power to any
person, officer, representative
Technology Committee
The Committee comprises three members. Ben Verwaayen,
Independent Director, is the Chairman of the Committee. The
Chief IT Officer and Director – NSG are the permanent invitees
to the meetings of the Committee. The Company Secretary
acts as a Secretary to the Committee.
Key Responsibilities of the Technology Committee
Review the Company’s strategy and approach to
technology and innovation, including its impact on
the Company’s performance, growth and competitive
position.
Oversee the Company’s investments in technology
and software, including through acquisition and other
business development activities.
Ensure that the Company adopts the industry’s best
practices and is future ready.
Establish and maintain relationships with the Company’s
key technology partner
Appraise and critically review the financial, tactical and
strategic benefits of proposed major IT-related projects
and technology architecture alternatives.
Meetings, Attendance and Composition of Technology
Committee
During FY 2014-15, the Committee met three times on July 28,
2014, October 29, 2014 and February 3, 2015. The Composition
and the attendance of the members at the meetings held
during FY 2014-15, are given below:
Name Category Number of
meetings attended
(total held) during
tenure
Mr. Ben Verwaayen,
Chairman
Independent
Director
3 (3)
Mr. Gopal Vittal Member 3 (3)
Mr. Christian de Faria Member 1 (3)
Mr. Manoj Kohli1Member 1 (3)
1. Ceased to be member of the Committee w.e.f. February 4, 2015.
The Technology Committee was dissolved w.e.f. April 28, 2015.
Corporate Social Responsibility (CSR) Committee
In compliance with the requirements of the Companies Act,
2013, the Company has constituted the Corporate Social
Responsibility Committee. The Committee evaluates and
recommend the CSR proposals to the Board for approval.
The Committee comprises three members, including one
Independent Director. Mr. Rajan Bharti Mittal, Non-Executive
Director, is the Chairman of the Committee. The Company
Secretary acts as a Secretary to the Committee.
Key Responsibilities of the CSR Committee
Formulate, monitor and recommend to the Board
CSR Policy and the activities to be undertaken by the
Company
Recommend the amount of expenditure to be incurred
on the activities undertaken
Review the Company’s performance in the area of CSR
Evaluate the social impact of the Company’s CSR
activities
Review the Company’s disclosure of CSR matters,
including any annual social responsibility report
Review the following, with the Management, before
submission to the Board for approval