Page 100 - Kolte Patil AR 2019-20
P. 100



          COMPANY’S PHILOSOPHY OF CORPORATE GOVERNANCE          Naresh Patil, Mr. Milind Kolte, Mrs. Sunita Kolte and Mrs. Vandana
          We believe that Corporate Governance signifies ethical highest   Patil are related to each other. Further, Mr. G L Vishwanath and
          standards of transparency, integrity and accountability towards   Mrs. Manasa Vishwanath are also related to each other.
          all its stakeholders.  These ethical standards can be ingrained in   Sr.   Name of the Director  Relationship inter- se
          the character of the organization through tradition, value systems   No.
          and commitment to the later as much as the spirit of laws and   1  Mr. Rajesh Patil  Brother of Mr. Naresh Patil and
          regulations. Corporate Governance is the cornerstone of Kolte-             Mrs. Sunita Kolte
          Patil’s governance philosophy of the trusteeship, transparency,
          accountability and ethical corporate citizenship.  2   Mr. Naresh Patil    Husband of Mrs. Vandana Patil
                                                                                     and Brother of Mr. Rajesh Patil
          In our endeavor to adopt the best Corporate Governance                     and Mrs. Sunita Kolte
          and disclosure practices, the Company complies with all   3  Mr. Milind Kolte  Husband of Mrs. Sunita Kolte
          the  requirements  of SEBI (Listing Obligations  and Disclosure
          Requirements) Regulations, 2015 as amended from time to time   4  Mrs. Sunita Kolte  Wife of Mr. Milind Kolte and
          (“Listing Regulations”).                                                   Sister of Mr. Rajesh Patil and Mr.
                                                                                     Naresh Patil
          Pursuant to Regulation 34 read with Part C of Schedule V of the
          Listing Regulations, the Company hereby presents a Report on   5  Mrs. Vandana Patil  Wife of Mr. Naresh Patil
          Corporate Governance to its members for the Financial Year 2019-  6  Mr. G. L. Vishwanath  Husband of Mrs. Manasa
          2020.                                                                      Vishwanth
                                                             7   Mrs. Manasa Vishwanath Wife of Mr. G L Vishwanath
          The  Board  of  Directors  provide  leadership  and  guidance  to  the   3.   None of the Directors on the Board is a member of more than
          Company’s  management  and  directs,  supervises  and  controls   ten committees or Chairman of more than five committees
          the performance of the Company while adhering to the highest   across all the Companies in which he is a Director. Necessary
          standards of good corporate governance.  The Independent   disclosures regarding committee positions in other public
          Directors are trustees of good corporate governance. Combined,   companies as on 31 March 2020 have been  made by the
          they truly safeguard the rights and interests of the shareholders of   Directors to the Company.
          the Company. The Board of the Company comprises of a diverse   4.   The  names  and  categories  of  the  Directors  on  the  Board,
          and fine blend of experienced  and responsible  Executive and   their attendance at the Board Meetings held during the year
          Independent Directors
                                                                 and number of Directorships and Committee Chairmanship/
                                                                 Membership held by them in other Companies are given
          a) Size and Composition of Board :
          1.   As on 31 March 2020, the Company has Ten (10) Directors with   herein below. Other Directorship does not include Alternate
                                                                 Directorships, Directorship of Private Limited Companies,
             an Executive Chairman. Out of the ten Directors, Seven are   Section 8 Companies and of Companies Incorporated Outside
             Non-Executive  and  of  which  five  are  Independent  Directors.   India.  Chairmanship /  Membership  of  Board  Committees
             The Composition of Board is in conformity with Regulation 17   include Audit Committee and Stakeholders ’Relationship
             of the Listing Regulations.
          2.   Relationship between Directors inter-se: - Mr. Rajesh Patil, Mr.

          98 | Kolte-Patil Developers Limited
   95   96   97   98   99   100   101   102   103   104   105