MAHINDRA & MAHINDRA LTD. | Integrated Annual Report 2022-23

154 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2022-23 Pursuant to removal of the restriction of conducting Board Meeting(s) through Video Conferencing/Other Audio- Visual Means for selected Agenda Items by the Ministry of Corporate Affairs (‘MCA’), a majority of the Board and Committee Meeting(s) were held through hybrid mode where the Directors were given an option to join the Meeting through Video Conferencing (VC) facility. The VC facility was provided for all Board and Committee Meetings held during the year under review. E. Meetings of Independent Directors The Independent Directors of your Company often meet before the Board Meeting(s) without the presence of the Chairman, the Managing Director or the Executive Director or other Non‑Independent Director(s) or any other Management Personnel. These Meetings are conducted in an informal and flexible manner to enable the Independent Directors to, inter alia , discuss matters pertaining to review of performance of Non-Independent Directors and the Board of Directors as a whole, review the performance of the Chairman of the Company (taking into account the views of other Executive and Non-Executive Directors), assess the quality, quantity and timeliness of flow of information between the Company Management and the Board that is necessary for the Board of Directors to effectively and reasonably perform their duties. Five Meetings of Independent Directors were held during the year under review and these Meetings were well attended by the Independent Directors. The Independent Directors communicate as appropriate, suggestions, views or concerns to the Chairman or Managing Director and Chief Executive Officer upon conclusion of their Meeting(s). F. Director(s) seeking Re‑appointment Mr. Anand G. Mahindra, Chairman and Mr. Vijay Kumar Sharma, Non-Executive Non-Independent Director (Nominee of LIC) are liable to retire by rotation and being eligible for re-appointment at the ensuing AGM of your Company, have offered themselves for re-appointment. Mr. Anand G. Mahindra Chairman Mr. Mahindra graduated Magna Cum Laude from Harvard College (1977) and secured an MBA from the Harvard Business School (1981). He made a generous endowment in 2010 to the Harvard Humanities Center which is now known as the Mahindra Humanities Centre at Harvard. In 2008 he was bestowed the Harvard Business School’s Alumni Achievement Award and in 2014 he became the first Indian recipient of the Harvard Alumni Association’s Harvard Medal. Mr. Mahindra was first appointed as a Director on the Board of the Company on 23 rd November, 1989. He then took over as Deputy Managing Director of the Company in 1991 at a time when the turnover was US$ 177 million. He initiated a comprehensive change programme to make the Company an efficient and aggressive competitor in the new liberalised economic environment in India. In April 1997, he was appointed as Managing Director of Mahindra & Mahindra Limited and in January, 2001 given the additional responsibility of Vice Chairman. In August, 2012, he was appointed as Chairman and designated as Chairman & Managing Director of Mahindra & Mahindra Limited. In November, 2016, Mr. Mahindra was re-designated as Executive Chairman of Mahindra & Mahindra Limited. Mr. Anand Mahindra’s tenure has seen the Group expand domestically and internationally into a range of major industrial sectors from automobiles and agriculture to IT and aerospace. He has served on several influential bodies, national and international. These include the Reserve Bank of India Board, UN Global Compact Board, Global Board of Advisors of the Council on Foreign Relations, World Bank Group’s Advisory Board for Doing Business and the International Advisory Council of Singapore’s Economic Development Board. He has been the President of The Confederation of Indian Industry and served on the boards of the National Stock Exchange of India and the National Council of Applied Economic Research. He is currently on the board of Invest India, the National Investment Promotion and Facilitation Agency. Mr. Mahindra has been conferred with the Padma Bhushan Award (2020), India’s third-highest civilian honour, for his contribution to the nation in the field of ‘Trade and Industry’. He has been named in Barron’s List of Top 30 CEOs worldwide (2016) and Fortune Magazine’s list of the World’s 50 Greatest Leaders (2014). He was a recipient of the Best Transformational Leader Award by the Asian Centre for Corporate Governance & Sustainability (2012). He was appointed ‘Knight in the National Order of the Legion of Honour’ by the President of the French Republic (2016) and conferred the ‘Grand Officer of the Order of the Star of Italy’ by the President of Italy (2013). Mr. Mahindra is an incisive business commentator and humanitarian with over 10 million followers on Twitter. Among his many social change initiatives is the Nanhi Kali programme, which, for the last two decades, has provided over 330,000 underprivileged girls access to high-quality education. Mr. Mahindra is the Chairman of the Board of