Laurus Labs

Corporate Governance

Corporate Governance

The corporate governance framework at Laurus Labs is based on an effective independent board, separation of the board’s supervisory role from the executive management team, constitution of the board committees and formulation of policies, each as required under law, including the SEBI Listing Regulations.

Laurus Labs in compliance with the requirements of the applicable regulations, including the SEBI Listing Regulations, the Companies Act and the SEBI ICDR Regulations, in respect of corporate governance particularly in relation to constitution of the Board and committees thereof.

The board has been constituted in compliance with the Companies Act, 2013 and the SEBI Listing Regulations. Currently, the board has 12 Directors, headed by the Chairman who is a non-executive director. In compliance with the requirements of the SEBI Listing Regulations, we have four Executive Directors, eight Non-Executive Directors including four Independent Directors on our Board. Our Board also has one woman Director.

The Board of Directors functions either as a full board or through various committees constituted to oversee specific operational areas. The executive management provides the Board of Directors detailed reports on its performance periodically.

Composition of Board Committees of Laurus Labs.

We have six Board-level Committees, namely:

 
  1. Audit Committee
  2. Nomination and Remuneration Committee
  3. Stakeholders’ Relationship Committee
  4. Corporate Social Responsibility Committee
  5. Risk Management Committee
  6. IPO Committee


The members of the Committees of Board are as under:

1. Audit Committee Members
 
  1. Mr. Ramesh Subrahmanian (Chairman)
  2. Mrs. Aruna Rajendra Binge
  3. Mr. Venkata Ravi Kumar Vantaram
2. Nomination and Remuneration Committee
 
  1. Mr. Ramesh Subrahmanian (Chairman)
  2. Dr. Rajesh Chandy
  3. Mr. Narendra Ostawal


3. Stakeholders’ Relationship Committee
 
  1. Mr. Narendra Ostawal (Chairman)
  2. Dr. Srihari Raju Kalidindi
  3. Mr. Venkata Ravi Kumar Vantaram
  4. Mr. Chandrakanth Chereddi
4. Corporate Social Responsibility Committee
 
  1. Mr. Venkata Ravi Kumar Vantaram (Chairman)
  2. Dr. Srihari Raju Kalidindi
  3. Mr. Narendra Ostawal
  4. Mr. Aruna Rajendra Bhinge


5. Risk Management Committee
 
  1. Dr. Satyanarayana Chava, Chairman
  2. Dr. Srihari Raju Kalidindi
  3. Mr. Venkata Ravi Kumar Vantaram
  4. Mr. Narendra Ostawal
  5. Mr. Chandrakanth Chereddi
  6. Dr. Rajesh Chandy
6. IPO Committee
 
  1. Dr. Satyanarayana Chava, Chairman
  2. Mr. Ravi Kumar V V
  3. Mr. Rajesh Kumar Dugar
  4. Mr. Narendra Ostawal
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