INTRODUCTION

The Board of Directors of Juvenor Healthcare Private Limited has adopted this Policy on appointment and remuneration of the Directors, Key Managerial Personnel (‘KMP’), Senior Management and other employees as required under the provisions of Section 178 of the Companies Act, 2013.

PURPOSE

The purpose of this Policy is to establish and govern the procedure:

• To lay down criteria and terms and conditions with regard to identifying persons who are qualified to become Directors and persons who may be appointed in Senior Management and Key Managerial positions and to determine their remuneration;
• To evaluate the performance of the members of the Board as well as Key Managerial and Senior Management Personnel and provide necessary report to the Board for further evaluation of the Board.
• To ensure long term sustainability of talented managerial persons.
• To develop a succession plan for the Board and to regularly review it.

EVALUATION

The Nomination and Remuneration Committee shall carry out evaluation of performance of Directors including the Independent Directors and the Board and its Committees yearly or at such intervals as may be considered necessary through questionnaire to judge the knowledge to perform the role, time and level of participation, performance of duties, professional conduct, independence etc. The appointment/re-appointment/continuation of Directors on the Board shall be based on the outcome of the evaluation process. The evaluation of the performance of Executive Directors will be done by Independent Directors. The results of the evaluation process shall be placed before the Board for its consideration.