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

173 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS The Committee met thrice during the year under review on 4 th August, 2022, 10 th November, 2022 and 14 th March, 2023. The attendance at the Meetings was as under: Name of the Members Committee Meeting Dates and Mode Held during the Year Attended % of attendance of a Member 1 2 3 4 th August, 2022 10 th November, 2022 14 th March, 2023 Hybrid Physical Hybrid Mr. T. N. Manoharan* (Chairman) 3 3 100% Dr. Anish Shah** 3 3 100% Mr. Rajesh Jejurikar 3 3 100% Ms. Shikha Sharma 3 3 100% Mr. Vikram Singh Mehta 3 3 100% Mr. Haigreve Khaitan 3 3 100% % of attendance at a Meeting 100% 100% 100% Risk Management Committee Attendance    Attended through Video Conference  Leave of Absence  Attended in-person             * Appointed as Chairman of the Committee with effect from 28 th May, 2022. ** Ceased to be Chairman of the Committee with effect from 28 th May, 2022 and continues to be a Member. RISK MANAGEMENT COMMITTEE REPORT FOR THE YEAR ENDED 31 ST MARCH, 2023 Activities of the Committee during the year Frequency Considered and approved the appointment and the terms of remuneration of Chief Risk Officer of the Company E Reviewed various Risks emerging from Russia & Ukraine war & China -Taiwan Escalation - Impact on AFS, Supplies, Business entity risk scorecard, Portfolio risk scorecard, Discussion on unknown risks, Macro-economic & Global Scenario, frontier risk, etc. E Reviewed the Risk Management Policy (Enterprises Risk Management Policy) of the Company and Proposed Enterprises Risk Management framework of the Company and suggested changes to be incorporated therein E Reviewed the Risk Certificate covering risk management measures and controls and made recommendation to the Audit Committee and the Board P Reviewed the Risk Management Report, Risk Mitigation Measures as prescribed under the Risk Management Policy alongwith Extreme Risks their impact, likelihood and exposure and presented the same to the Audit Committee and the Board P Reviewed the risks for the financial year and presented the same to the Audit Committee and the Board A / P Frequency A Annually P Periodically E Event based F. Strategic Investment Committee (A voluntary initiative of your Company) The Strategic Investment Committee is a voluntary Committee of your Company and Mr. Anand G. Mahindra is the Chairman of the Committee. Mr. Vikram Singh Mehta, Mr. T. N. Manoharan, Ms. Shikha Sharma and Mr. Vijay Kumar Sharma are other Members of the Committee. Apart from the Committee Members, the Committee Meetings are also invariably attended by the other Directors as Invitees.