292

ANNEXURE 1

LIST OF SAMPLED COMPANIES

S.No. Names of the Companies

A POWER

1. CESC Ltd

2. DPSC Ltd

3. Gujarat Industries & Power Ltd

4. Jindal Steel & Power Ltd

5. Nevyeli Lignite Power Ltd

6. NTPC Ltd

7. Reliance Energy Ltd

8. Tata Power Ltd

9. Torrent Power AEC Ltd

B IRON & STEEL

10. Bhushan Steel & Strips Ltd

11. Essar Steel Ltd

12. Ispat Industries Ltd

13. Jayaswal Neco Ltd

14. JSW Steel Ltd

15. Mukand Ltd

16. SAIL Ltd

17. Tata Sponge Iron Ltd

18. Tata Steel Ltd

19. Uttam Galva Steel Ltd

C CEMENT

20. ACC Cement Ltd

21. Ambuja Cement Eastern Ltd

Contd...

293

22. Birla Corporation Ltd

23. Chettinad Cement Corporation Ltd

24. Grasim Industries Ltd

25. Gujarat Ambuja Cement Ltd

26. India Cement Ltd

27. Kesoram Industries Ltd

28. Madras Cement Ltd

29. Mysore Cement Ltd

30. Prism Cement Ltd

31. Shree Cement Ltd

D TEXTILES

32. Alok Industries Ltd

33. Arvind Mills Ltd

34. Bombay Dyeing & Mfg Ltd

35. Century Enka Ltd

36. Eskay K’N’It Ltd

37. Garden Silk Mills Ltd

38. Indian Rayon & Industries Ltd

39. Indo Rama Synthetics Ltd

40. Mahavir Spinning Mills Ltd

41. Nahar Spinning Mills Ltd

42. Rajasthan Spinning & Wvng Mills Ltd

43. Raymond Ltd

44. Reliance Industries Ltd

45. S. Kumars Nationwide Ltd

E PAPER

46. Andhra Pradesh Paper Mills Ltd

47. Bajaj Hindustan Ltd

Contd...

294

48. Ballarpur Industries Ltd

49. Century Textiles & Industries Ltd

50. ITC Ltd

51. JK Paper Ltd

52. Orient Paper & Industries Ltd

53. Pudumjee Pulp & Paper Mills Ltd

54. Seshasyee Paper Mills Ltd

55. Shreyan Industries Ltd

56. Sirpur Paper Mills Ltd

57. Star Paper Mills Ltd

58. Tamilnadu Newsprint & Paper Mills Ltd

59. West Coast Paper Mills Ltd

F PHARMACEUTICALS

60. Alembic Ltd

61. Aurobindo Pharma Ltd

62. Aventis Pharma Ltd

63. Cadila Healthcare Ltd

64. Dr. Reddy’s Laboratories Ltd

65. Glaxosmithkline Ltd

66. IPCA Laboratories Ltd

67. Lupin Ltd

68. Nicholas Piramal India Ltd

69. Orchid Chemicals & Pharmaceuticals Ltd

70. Ranbaxy Laboratories Ltd

71. Sun Pharmaceuticals Ltd

72. Torrent Pharmaceuticals Ltd

73. Wockhardt Ltd

Contd...

295

G SUGAR

74. Andhra Sugars Ltd

75. Balrampur Chinni Mills Ltd

76. Bannari Aman Sugars Ltd

77. DCM Shriram Industries Ltd

78. EID_Parry India Ltd

79. Jeypore Sugar Ltd

80. Oudh Sugars Ltd

81. Sakthi Sugars Ltd

82. Saraswati Industrial Syndicate Ltd

83. Simbhaoli Sugar Mills Ltd

84. Ugar Sugar Works Ltd

85. Upper Ganges Sugar Mills Ltd

H AUTOMOBILE

86. Ashok Leyland Ltd

87. Atul Auto Ltd

88. Bajaj Auto Ltd

89. Eicher Motors Ltd

90. Force Motors Ltd

91. Hero Honda Motors Ltd

92. Hindustan Motors Ltd

93. Kinetic Motors Ltd

94. LML Ltd

95. Mahindra & Mahindra Ltd

96. Maruti Udyog Ltd

97. Scooters India Ltd

98. Swaraz Mazda Ltd

Contd...

296

99. Tata Motors Ltd

100. TVS Motor Co. Ltd

I SOFTWARE

101. GTL Ltd

102. HCL Technologies Ltd

103. IFLEX Solutions Ltd

104. Igate Global Solutions Ltd

105. Infosys Technologies Ltd

106. Larsen & Toubro Ltd

107. Mascon Global Ltd

108. Pentamedia Graphics Ltd

109. Polaris Software Lab Ltd

110. Rolta India Ltd

111. Satyam Computer Services Ltd

112. Wipro Ltd

297

ANNEXURE –2

CHECKLIST ON CORPORATE GOVERNANCE DISCLOSURE AS PER

CLAUSE 49 OF THE LISTING AGREEMENT

S.No. Items

A. Company’s Philosophy on Corporate Governance

B. Board of Directors

I Size of the Board

II Composition of the Board

III No. of Board Meetings Held Along with Dates

IV Attendance of Individual Director at the Board Meetings

V Attendance of Individual Director at Last Annual General Meeting

VI Information to be Placed Before the Board at Board Meeting

VII Committees Position Held on Other Companies Boards

VIII A Brief Resume of the Director to be Appointed or Re-appointed.

C. Audit Committee

I Brief Description of Terms of Reference

II Composition and Names of Members

III Independent Director to Act as a Chairman

IV Presence of Chairman at AGM to Answer Shareholders Queries

V Participation of Head of Finance, Statutory Auditors, Chief Internal

Auditors and Other Invitees in the Meetings.

VI Meetings Held and Attendance During the Year

VII Financial Literacy of Members

VIII Secretary of the Committee

D. Remuneration of Directors

I Details of Remuneration Package of all the Directors

II Performance Linked Incentives

Contd...

298

III Information on Performance Evaluation Criteria of Directors

IV Information on Service Contracts of Directors

V Notice Period of the Directors

VI Severance Fee for Directors

D. Shareholders/Investors Grievance Committee

I Name of Non-executive Director Heading the Committee

II Name and Designation of Compliance Officer

III Number of Shareholders Complaints Received

IV No. of Outstanding Complaints

V Number of Pending Share Transfers

E. General Body Meetings

I Location and Time: Last Three AGMS Held

F. Disclosures

I Materially Significant Related Party Transactions

II Details of Non-compliance, Penalties Imposed by SEBI or Any Statutory

Authority

G. Means of Communication

I Information on Quarterly Results

II Newspapers Details

III Website Details

IV Display of Official News Releases

V Presentations Made to Institutional Investors/ Analysts

VI Management Discussion and Analysis Report as a Part of Annual Report

H. General Shareholder Information

I AGM : Date, Time and Venue

II Financial Calendar

III Date of Book Closure

IV Dividend Payment Date

Contd...

299

V Listing Details

VI Stock Code

VII Market Price Data

VIII Performance of Company’s Stock in Comparison to Broad-based Indices

Such as BSE Sensex, CRISL Index, etc.

IX Registrar and Share Transfer Agents

X Share Transfer System(at least once in fortnight)

XI Distribution of Shareholding

XII Shareholding Pattern

XIII Dematerialization of Shares and Liquidity

XIV Plant Locations

XV Address for Correspondence

I. Certificate of Auditors on Compliance with Corporate Governance

Code

A. Remuneration Committee

I Brief Description of Terms of Reference

II Composition and Names of Members

III Independent Director to Act as a Chairman

IV Presence of Chairman at AGM

V Meetings Held & Attendance During the Year

B. Shareholders Rights

I Half Yearly Report Sent to the Shareholders

II

Special Resolutions Passed Through

Postal Ballot During the Last Year

III Name of the Person Who Conducted Postal Ballot

IV Special Resolution Proposed to Be Conducted Through Postal Ballot

V Procedure for Postal Ballot

VI Information on Reimbursement of Expenses, Incurred by NE Chairman to

Maintain Chairman’s Office

300

ANNEXURE 3

CHECKLIST ON VOLUNTARY CORPORATE GOVERNANCE DISCLOSURE

S.No. Items

A) Board of Directors

1 Functions of the Board

2 Board Membership Criteria

3 Date of Appointment of Directors

4 Appointment of Lead Independent Director

5 Training of Board Members

6 Retirement Age or Tenure of Directors

7 Mechanism for Evaluating the Performance of Non Executive Directors

8 Relationships With Other Directors

9 Shareholdings of the Directors

B) Meetings and Attendance

1 Information on Scheduling and Selection of Agenda Items

2 Duration of Board Meetings

3 Duration of Gap Between Two Meetings

4 Procedure of Board and Committee Meetings

5 Individual Attendance Record of Directors at Board or Committee Meetings

C) Formation of Committees

1 Corporate Governance Committee

2 Ethics or Compliance Committee

3 Nomination Committee

4 Investment Committee

5 Committee of Directors

Contd….

301

6 Management Committee

7 Research & Development Committee

8 Finance Committee

9 Health, Safety and Environment Committee

10 Project Monitoring Committee

11 Strategy Committee

12 Risk Management Committee

13 Miscellaneous

D) Corporate Governance Initiatives

1 Whistle Blower Policy

2 Code of Conduct for Directors or Senior Management Personnel

3 Corporate Governance Rating

4 Succession Planning

5 Insider Trading Code

E) Reports’ of Committees

1 Compliance Report on Cadbury Committee’s Recommendations

2 Compliance Report on Blue Ribbon Committee’s Recommendations

3 Compliance of OECD Principles on Corporate Governance

4 Euro Shareholders Corporate Governance Guidelines

5 Compensation Committee Report

6 Nomination Committee Report

7 Audit Committee Report

8 Investors Grievance Committee Report

9 Complinace With Naresh Chandra Committee’s Recommendations

10 Compliance With Narayana Murthy’s Code on Corporate Governance

Contd….

302

11. CEO and CFO Certification on Financial Statements

12 Miscellaneous

F) Shareholders

1 Dividend History of Company

2 Information on Unclaimed Dividends

3 Top Ten Shareholders of the Company

C4 List of Persons Holdings More Than 1% Shares

5 Changes in Equity Share Capital During the Year

6 Paid Up Equity Share Capital History

7 List of Investors’ Service Centers

8 Shareholders Satisfaction Survey

9 Information on SEBI Edifar filing

10 Electronic Clearing Service (ECS) Mandate

11 Nomination Facility

G) Awards or Accolades for Corporate Governance

303

ANNEXURE 4

QUESTIONNAIRE

Dear Respondent,

I (Reema Sharma), Senior Research Fellow in the Department of Commerce and

Business Management, Guru Nanak Dev University is engaged in Doctoral Research on

the topic “Impact of Corporate Governance on Financial Performance of Selected

Companies in India”. One of my objectives is to study the corporate governance

disclosure practices of the companies as per clause 49 of the listing agreement. So you

are requested to assign weights to the selected dimensions from clause 49 of the listing

agreement. The weights are to be assigned out of 100 to all dimensions on the basis of

relevance such that the total of all the weights should be 100. I shall be highly obliged for

your co-operation and assure you that information received will be used for research

purpose only.

S.No. Broad Dimensions Weights

1. Board of Directors (Size, Composition, Meetings, Committee

Positions, etc.)

………………….

2. Audit Committee (Size, Composition, Meetings, Financial

Literacy of Members, etc.)

………………….

3. Remuneration of Directors (Remuneration Committee’s

Composition, its meetings, Remuneration Policy,

Performance Evaluation of Directors, etc.)

………………….

4. Investors Grievance Committee ………………….

5. General Body Meetings (Venue & Time of Meetings, Special

Resolution, Postal Ballot, etc.)

………………….

6. Disclosures (Related Party Transactions and Compliance of

Law)

………………….

7. Means of Communication (Financial Results, Newspapers

and Website Details, Press Release, etc.)

………………….

8. General Shareholders Information ………………….

Total of Weights 100

PROFILE Name : ………………………….

Age : ………………………….

Sex : ………………………….

Qualification : …………………………..

Occupation / Profession : …………………………..

Address : …………………………...

E-mail ID : ……………………………