Page 87 - Crisil Annual Report 2023

Statutory Reports
None of the Directors are related to any other Director on the Board. Names of CRISIL Board members and other details of their Directorship profile are presented in Table 1.1.
Criteria for Board membership
The Board has adopted a Nomination and Remuneration Policy to ensure that the Board composition is well-balanced in terms of requisite skillsets, so that the Company benefits from new insights, guidance and challenges to business proposals. The Policy outlines the appointment criteria and qualifications of the Directors on the Board and matters related to Directors. Besides this, other considerations for the Board’s composition are:
• Presence of at least one woman Independent Director
• Presence of at least one resident Director
• Independent Directors are expected not to serve on the Boards of competing companies
• Maximum number of Director positions to be held: not more than 20 companies, of which not more than 10 shall be public companies and not more than 7 shall be listed companies
Profiles of Directors
The profiles of Directors available at https://www.crisil.com/ en/home/about-us/our-people/board-of-directors.html give an insight into the education, expertise, skills and experience of CRISIL Board members, thus bringing diversity to the Board’s deliberations.
Matrix setting out the core skills/expertise/competence of the Board of Directors
The Board has identified the core skills/expertise/competencies of the Directors in the context of the Company’s business for effective functioning, as follows:
Skills
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Particulars
Strategic orientation
Commercial orientation
Customer orientation
People orientation
Technology and business transformation
Experience in merger and acquisition
Global business experience
Knowledge of financial markets
Governance and regulation
Stakeholder management
Ability to think expansively, evaluate alternatives and make choices
Understanding of the business model and how the business makes money
Creating compelling value propositions for customers as the differentiating attribute
Track record and understanding of what motivates and inspires people to deliver superior performance
Knowledge and understanding of how technology can be leveraged to produce competitively superior results and stay ahead
Ability to identify, value and coalesce acquisitions and mergers
Experience of overseeing and managing businesses across multiple countries and environments
Understanding of Indian and global trends and challenges across the banking and securities markets, other credit rating agencies, asset management and advisory firms
Experience of corporate governance; and understanding of the regulatory environment across banking and securities laws, data protection and privacy, and cyber security for India and countries where business is transacted
Experience of dealing with government officials, regulators, customers, Boards, partners and suppliers, employees, and broader community for corporate social responsibility agenda
The manner in which the current Board of Directors fulfils these skills, expertise and competencies has been outlined in Table 1.1.
Annual Report 2023
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