Page 84 - Index

Role of the Committee Frequency
of review
Review the Company’s cyber security and data framework H
Review the appointment, removal and terms of remuneration of the Chief Risk Officer A
Liaise with the Audit Committee on items of risk management and control activities P
Frequency: A — annually; P — periodically; E — event based; H – half yearly
The Committee met thrice in 2024 — on February 1, June 18 and December 17. The necessary quorum was present
for the meetings. The Committee reviewed the risk management framework, its operation, and risk heat maps, and
deliberated over the mitigation plans for key risks. More details on key risks and mitigation actions in respect thereto
are provided in the Management Discussion and Analysis Report. Details of attendance at the meetings of the Risk
Management Committee in 2024 are presented in Table 3.6.
3. Nomination and Remuneration Committee
The Nomination and Remuneration Committee of the Company has been constituted in line with the provisions of
Section 178 of the Companies Act, 2013, read with Regulation 19 of the SEBI Listing Regulations, 2015. The role of the
Committee, the topics reviewed by it and the frequency of review are mentioned in Table 3.3.
Table 3.3: Role of the Committee and frequency of review
Role of the Committee Frequency
of review
Finalise the process of evaluation and carry out evaluation of the performance of the Board, its Committees,
Directors and Chairman of the Company, and review competencies of the Board
A
Review the size and composition of the Board to ensure it is structured to make appropriate decisions, with a
variety of perspectives and skills
P
Review succession plans for the Board, senior management and key leadership positions, and monitor
development plans of key leadership personnel
A
Recommend the appointment of new Directors and changes to the senior management E
Review the talent management strategy and talent priorities of the business A
Review people metrics, including attrition, diversity, mobility and engagement P
Review, approve and recommend amendments to the Nomination and Remuneration Committee Policy A
Review the compensation structure for the Directors, MD & CEO, senior management and overall for employees A
Frequency: A — annually; P — periodically; E — event based
The Nomination and Remuneration Policy devised in accordance with Section 178(3) and (4) of the Companies Act,
2013, has been published on the Company’s website, https://www.crisil.com/content/crisilcom/en/home/investors/
corporate-governance.html
The Nomination and Remuneration Committee met thrice in 2024 — on February 1, April 15 and July 10. The necessary
quorum was present for all the meetings. In terms of its mandate, during 2024 the Committee focused on review of
initiatives related to talent acquisition and management, succession planning, employee engagement, and employee
compensation. The Committee also reviewed and recommended Board appointments.
The Chairperson of the Nomination and Remuneration Committee was present at the previous Annual General Meeting
of the Company held on April 16, 2024. Details of attendance at the meetings of the Nomination and Remuneration
Committee in 2024 are presented in Table 3.6.
Further, details of remuneration paid to the Directors and other disclosures required to be made under the SEBI Listing
Regulations, 2015, have been provided in the Directors’ Report, as part of this Annual Report.
82 Annual Report 2024