30 ....................................................................................................................................................................................................................................................................................................................................................................................................................................................................... The Board of Directors is the highest governing body and comprises both executive and non-executive members. The strength of the Board of Directors is seven of which the Chairman and Managing Director are the executive members. The nonexecutive members comprise three directors and two independent directors, one of whom is a women director. The board meets a minimum of four times a year to review significant developments affecting the company and to discuss and act on matters requiring Board approval. The Sai Board of Directors oversee the sustainable development positions and related strategic planning, risk management policies and procedures. At the Board level, the Management Committee has the overall responsibility for the management, target setting, performance, and long-term success and sustainability of Sai. Additional Corporate and site-level committees ensure the implementation and tracking of new initiatives as well as the identification of new opportunities. Driving sustainability through the organization is on the agenda of every leadership function at Sai. The Senior Vice President of HSE is the Sustainability executive of the company. He is involved in reviewing the performance of the SDG goals, overseeing the company’s HSE requirements, goals, management systems and operational excellence initiatives to achieve results consistent with the company’s vision. The Board has constituted six Board committees for effective decision-making and has a systemic process for managing and delegating authority in several aspects. These committees focus effectively on issues and ensure expedient resolution of diverse matters. The Board delegates certain elements of its oversight functions to one or more of its committees. Each committee convenes at least quarterly. At Sai, we seek director candidates who possess the highest personal and professional ethics, integrity, and values and who are committed to representing the long-term interests of all Sai’s stakeholders. • Audit committee • Securityholders relationship/ investors grievance committee • Independent directors committee • Nomination & remuneration committee • Corporate social responsibility (CSR) committee • Vigil mechanism committee .
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