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Corporate Governance

Audit Committee

Members

  1. Mr. Thomas John Muthoot
  2. Mr. Kenneth Dan Vander Weele
  3. Mr. Alok Prasad

Purpose:

The Audit Committee shall assist the Board of Directors in the oversight of (1) the integrity of the financial statements of the Company, (2) the effectiveness of the internal control over financial reporting, (3) to monitor the auditor’s independence and performance and effectiveness of audit process, (4) the performance of the Company’s internal audit function  (5) the effectiveness of the Company’s enterprise risk management program.

Nomination and Remuneration Committee

Members

  1. Mr. Thomas John Muthoot
  2. Mr. Thomas Muthoot
  3. Mr. Kenneth Dan Vander Weele
  4. Mr. Alok Prasad

Purpose:

To formulate the criteria for determining qualifications, competencies, positive attributes and independence for appointment of a Director (Executive / Non-Executive) and recommend to the Board policies relating to the remuneration of the Directors, Key Managerial Personnel and other employees.

Asset Liability Management Committee

Members

  1. Mr. Thomas John Muthoot
  2. Mr. Thomas George Muthoot
  3. Mr. Thomas Muthoot
  4. Mr. Sadaf Sayeed

Purpose:

The market risk for NBFCs with asset size of Rs.100 crore or above as on the date of last audited balance sheet is addressed by the Asset Liability Management Committee (ALCO) constituted to monitor the asset liability gap and strategize action to mitigate the risk associated.

Risk management Committee

Members

  1. Mr. Thomas John Muthoot
  2. Mr. Thomas George Muthoot
  3. Mr. Thomas Muthoot
  4. Mr. Sadaf Sayeed

Purpose:

The Committee is constituted to assist the Board in the discharge of its duties and responsibilities with respect to oversight of Company’s risk management framework, including the significant policies and practices used in managing credit, operational and certain other risks

CSR Committee

Members

  1. Mr. Thomas John Muthoot
  2. Mr. Thomas George Muthoot
  3. Mr. Thomas Muthoot
  4. Mr. Alok Prasad

Purpose:

The terms of reference of the CSR Committee is in accordance with Section 135 (3) of the Companies Act, 2013 and is as follows: (a) Formulate and recommend to the Board, a CSR policy which shall indicate the activities to be undertaken by the Company as specified in Schedule VII of the Companies Act, 2013 (b) Recommend to the Board the amount of expenditure to be incurred on the CSR activities referred to in (i) above; and (c) Monitor the CSR policy of the Company from time to time.

Borrowing Committee

Members

  1. Mr. Thomas John Muthoot
  2. Mr. Sadaf Sayeed
  3. Mr. Praveen T

Purpose:

The terms of reference of Borrowing Committee are as follows: (a) To borrow any amounts within the limit of Borrowing Powers of the Company (b) To assign/ sell the loan portfolio of the Company to any Banks/ Financial Institution (c) To open branches in the name of the Company (d) To open and operate Bank accounts (e) To sub delegate its powers to the officers/ representatives of the Company, and (f) Other matters which are not expressly restrained by Section 179 of the Companies Act 2013.