The policy on
selection,
appointment and
succession planning
of directors broadly
lays down:
-
01
Key skills and expertise required on the board as a whole to support the company's strategic goals along with competency requirements to assess potential incumbents.
-
02
Objective and transparent criteria for appointment of directors including factors like qualifications, experience, skill sets, independence, diversity, and alignment with company values.
-
03
Guiding principles for selection of suitable candidates for the board’s consideration and approval to fill the vacant/newly created board seats, which could also be subject to the receipt of requisite approval/prior approval from the various statutory/regulatory authorities, as may be applicable.
-
04
Continuity of operations in the event of cessation of any member of the board.