DRIVIN G ROWTH - Dr. Reddy's

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corporate governance
The Company Secretary is the Secretary
to the Committee. The Committee met once
during the year on January 29, 2002 and
two members attended the meeting.
3. REMUNERATION COMMITTEE
DR. REDDY’S REMUNERATION
Committee consists of the following four
non-executive independent Directors:
■ P N Devarajan (Chairman)
■ Ravi Bhoothalingam
■ Dr. Omkar Goswami
■ Dr. A Venkateswarlu
The head of the human resources function
of the Company is the Secretary to the
Committee.
The Remuneration Committee
recommends to the Board, the
compensation of the executive Directors of
the Company keeping in view the
Company’s financial status, industry trends,
past performance, and past remuneration.
In determining the remuneration package,
the Committee strives to strike a balance
between the interest of the Company and
the shareholders.
The Remuneration Committee met once
during the year on July 30, 2001 and all
members of the Committee were present at
the meeting.
4. MANAGEMENT COMMITTEE
DR. REDDY’S MANAGEMENT
Committee consists of the following
executive Directors:
■ Dr. K Anji Reddy (Chairman)
■ G V Prasad
■ Satish Reddy
The Company Secretary is the Secretary to
the Committee. The Management
Committee reviews SBU operations and the
capital budgets and gives necessary
directions to the senior management team
based on strategy finalised by the Board.
The Committee held seven meetings during
the year on June 7, 2001, July 10, 2001,
September 7, 2001, October 4, 2001,
November 8, 2001, December 3, 2001 and
February 22, 2002 in the financial year
ended March 31, 2002. Every member of
the Committee attended each meeting.
5. INVESTMENT COMMITTEE
THE COMPANY’S INVESTMENT
Committee comprises the following
Directors:
■ G V Prasad (Chairman)
■ Satish Reddy
■ Dr. A Venkateswarlu
The Company Secretary is the Secretary to
DR. REDDY’S LABORATORIES LTD. | CORPORATE GOVERNANCE | ANNUAL REPORT 2001-2002