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CSR

Organizational Structure

4. ORGANIZATIONAL STRUCTURE

4.1 As per subsection (1) of the Act, in order to steer the Company’s Policy on CSR, to oversee the implementation of CSR activities/ projects in the company, the CSR committee of the Board (Tier I Committee) will constitute of :
i. C&MD (Chairman of the committee)
ii. One or more Independent Director
iii. One or more Whole Time Director
iv. Director (Personnel & Administration)- Ex officio member & Convener of the committeePage 5 of 9 As per clause (3) of subsection (1) of the Act, the broad functions of the CSR Committee of the Board shall be as under:
i. Formulate and recommend a CSR Policy to the Board, which shall include the Annual Action Plan indicating the activities to be undertaken by the company as specified in Schedule VII of the Companies Act, manner of execution of projects, modalities of utilization of funds and implementation schedules and monitoring and reporting mechanism; (Annual Action Plan attached at Annex-1)
ii. Recommend the amount of expenditure to be incurred on the CSR activities referred to in clause (a);
iii. Monitor the Corporate Social Responsibility Policy of the company from time to time.
iv. Institute a transparent monitoring mechanism for implementation of the CSR projects/programs/activities.
v. Monitor implementation of CSR activities on quarterly basis.
vi. Approve programs / projects / activities
vii. Approve projects/programs/activities which are outside SCI’s focus areas.

4.2 Tier II Committee:
To coordinate the CSR initiatives on day to day basis, a Tier II Committee will be
constituted comprising of the following :
i. Head of Personnel & Administration Department – Ex officio Nodal Officer
ii. 2 representatives from P&A who handle CSR
iii. 1 representative from Finance department.