DRIVIN G ROWTH - Dr. Reddy's

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corporate governance
M ANAGEMENT C OUNCIL M EMBERS Standing (L to R) Arun Sawhney, V S Vasudevan, Timothy Crew,
G V Prasad, Saumen Chakraborty, Cameron Reid, Dr. Jayram Chigrupati, Raghu Cidambi
Sitting (L to R) Dr Swaminathan Subramaniam, Dr R Rajgopalan, R S Prasad, Satish Reddy
controls the risks factors in the business and
ensures safe, sound and efficient operation.
At the management level, effective
governance consists of competent
management; implementation of adequate
policies and processes; maintenance of an
appropriate audit program and internal
control environment; and effective risk
monitoring and management information
systems. These are internally supervised and
monitored through the Management Council.
MANAGEMENT COUNCIL
THE MANAGEMENT COUNCIL of the
Company was constituted in May 2001.
The Council comprises the Chief Executive
Officer, Chief Operating Officer, Chief
Financial Officer, SBU heads, human
resources head and the head of business
development.
The Council meets each month under the
chairmanship of the CEO. Council meetings
have an established agenda and background
material, wherever appropriate, is provided
to the Council members five days in
advance. The Council performs the
following functions:
■ Agrees on overall vision and targets for the
Company.
■ Decides on and prioritises overall business
portfolio strategy.
■ Monitors overall Company performance,
including the performance of various SBUs.
■ Decides on the major corporate policies.
■ Signs off on annual plans, budgets and
investments.
■ Develops the performance ethic.
■ Decides and structures major alliances,
partnerships and acquisitions.
■ Acts as thought partner/critical evaluator for
radical new businesses
■ Proposes and initiates large-scale, cross-SBU/
organisation-wide initiatives like E-business,
six sigma, etc.
DR. REDDY’S LABORATORIES LTD. | CORPORATE GOVERNANCE | ANNUAL REPORT 2001-2002