https://www.taxtmi.com/acts?id=39687 The amendment mandates board-level committees with prescribed compositions and delegated functions: an Executive Committee of executive leaders and nominated directors to exercise Board-delegated powers; an Investment Committee including the Chief Executive and invited senior officers and the Appointed Actuary to advise on investments; a Nomination and Remuneration Committee of non-executive directors (with specified independent representation) to set director criteria, recommend appointments/removals, evaluate performance and advise on sitting fees; and an Audit Committee with independent-majority composition, specified financial expertise, authority over auditors, scrutiny of related party transactions under an omnibus-approval regime, and powers to review internal controls and risk management. en-us Tue, 30 Mar 2021 15:52:19 +0530 Tue, 30 Mar 2021 15:52:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39687 The amendment mandates board-level committees with prescribed compositions and delegated functions: an Executive Committee of executive leaders and nominated directors to exercise Board-delegated powers; an Investment Committee including the Chief Executive and invited senior officers and the Appointed Actuary to advise on investments; a Nomination and Remuneration Committee of non-executive directors (with specified independent representation) to set director criteria, recommend appointments/removals, evaluate performance and advise on sitting fees; and an Audit Committee with independent-majority composition, specified financial expertise, authority over auditors, scrutiny of related party transactions under an omnibus-approval regime, and powers to review internal controls and risk management. Act-Rules F. Acts / Amendment Acts Tue, 30 Mar 2021 15:52:19 +0530 https://www.taxtmi.com/acts?id=39687