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. Amal Ganguli, Chairman
  2. Mr. Ravi Kumar V V
  3. Mr. Ramesh Subrahmanian
  4. Mrs. Aruna Rajendra Bhinge
2. Nomination and Remuneration Committee
 
  1. Mr. Ramesh Subrahmanian, Chairman
  2. Mr. Amal Ganguli
  3. Mr. Francis Jackson Wright


3. Stakeholders’ Relationship Committee
 
  1. Mr. Francis Jackson Wright, Chairman
  2. Mr. Ravi Kumar V V
  3. Dr. Raju Srihari Kalidindi
  4. Mr. Chandrakanth Chereddi
4. Corporate Social Responsibility Committee
 
  1. Mr. Ravi Kumar V V, Chairman
  2. Dr. Raju Srihari Kalidindi
  3. Mr. Narendra Ostawal
  4. Mr. Amal Ganguli


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