annual-report-FY2021

177 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2020-21 The Corporate Social Responsibility (“CSR”) Committee is a Committee constituted by the Board with powers, inter alia , to make donations/contributions, to any Charitable and/or CSR projects or programs to be implemented directly through its ESOPs (Employee Stock Options) programme or through implementing partners which include a company established under section 8 of the Act, or a registered public trust or a registered society having an established track record of at least 3 years in undertaking similar activities, of at least two percent of the Company’s average net profits during the three immediately preceding Financial Years in pursuance of its CSR Policy for the Company’s CSR Initiatives. The scope of functions of the Committee includes, inter alia , the formulation and recommendation to the Board for its approval and implementation, the Business Responsibility (“BR”) Policy(ies) of the Company, undertake periodical assessment of the Company’s BR performance, review the draft BR Report and recommend the same to the Board for its approval and inclusion in the Annual Report of the Company. During the year under review and pursuant to the amendments in the CSR provisions notified by theMinistry of Corporate Affairs, with effect from 22 nd January, 2021, the scope of functions of the Committee was amended to include inter alia , formulation and recommendation to the Board, an Annual Action Plan in pursuance of CSR policy of the Company including CSR projects or programmes that are approved to be undertaken, manner of execution of such projects or programmes, modalities of utilisation of funds and implementation schedule(s), monitoring and reporting mechanism, need and impact assessment, if any, for the projects undertaken by the Company, etc. The role of this Committee also includes recommendation of the amount of expenditure to be incurred on the CSR activities as enumerated in Schedule VII of the Act and also referred to in the CSR Policy of the Company, as also to monitor the CSR Policy from time to time, etc. The CSR Policy of your Company is in alignment with the recent amendments in the CSR Provisions and is available on the website of the Company and can be accessed in the Governance section at the Web-link https://www. mahindra.com/investors/reports-and-filings. The Committee met thrice during the year under review on 11 th June, 2020, 9 th November, 2020 and 25 th March, 2021. The attendance at the Meetings was as under: Name of the Directors Committee Meetings 1 2 3 Held during tenure Attended % of attendance of a Member 11 th June, 2020 9 th November, 2020 25 th March, 2021 Dr. Vishakha N. Desai (Chairperson) 3 3 100% Mr. Anand G. Mahindra 3 3 100% Dr. Pawan Goenka* 3 3 100% Mr. Vikram Singh Mehta 3 3 100% % of attendance at a Meeting 100% 100% 100% Corporate Social Responsibility Committee Meeting Attended through video conference * Ceased to be a Director and thereby Member of the Committee with effect from 2 nd April, 2021.