To offer assurance to the board for the adequacy associated with internal control systems, and financial

disclosures, the actual audit committee comprises 3 members, of with whom 2 are usually non-
executive and something executive movie director as Microsoft. Rashida (chair person) Mr. Maqsood
(member) MICROSOFT. Uzma.

For you to recommend on the board compensation terms pertaining to executive directors along with
the senior most degree of management under the account manager directors. This panel comprises 3
members involving who each are non-executive directors, which incorporates Ms. Uzma arif, Microsof
company. Nafisa yousuf palla in addition to Ms. Anisa naviwala. In IIL this kind of committee recommend
and select the remuneration involving CEO along with other directors, in 2013 panel has released that
after 36 months (i. electronic. after 25 October 2010) company is going to be able to revise the
particular remuneration involving CEO seeing that Rs. 3600, 000/- per annum and pertaining to directors
it's going to be Rs. 3000000 per annum each. It is actually further fixed that besides the above
remuneration all bills of directors is going to be paid through the company the particular appointment
value of the utilities to be borne through the company is actually Rs. 1000000 per annum each for that
two account manager directors. IIL has not given the explanation to make it possible for such
remuneration to be able to directors seeing that Green Conceal committee inquired to declare the
explanation.

IIL has established only a couple of committees as the 1st one is audit panel but that committee just
arranging along with managing the annual exam. IIL do not have any inner audit team that might
perform it's functions in sincerely to investors. If we look at audit panel then SOX point out committee
really should consist people 5 members from which 2 ought to be certified accountants nevertheless IIL
features total 3 members and 1 is an executive director which can be nintendo wii practice, along with
IIL really should rectify the item.

Holistic meeting connected with shareholders in the company is usually held at least one time a year to
take into account and approve the report in the directors, the twelve-monthly financial statements with
the notes as well as schedules thereto, declaration connected with dividends another returns or perhaps
resources meant for distribution, the appointment connected with directors, appointment connected
with auditors and also other important matter requiring shareholder agreement. The twelve-monthly
general meeting could be the principal community forum for face-to-face relationship with investors,
where your entire board occurs.
The chairman address the investors on problems of relevance towards the company and provides
clarifications to shareholders n behalf in the board. The table encourages open up dialogue using all its
shareholders whether it be individuals, corporate or unusual investors.

With 2013 IIL has been declared within the notice pertaining to annual common meeting that this year
it's whole board is going to complete the duration of three years and with this company again has to
elect the board of directors which is why 8 everyone is nominated but these all are those who were
already area of the board.