23.4 Transactions with key management personnel
Key management personnel comprise directors and members of Executive Council.
Particulars of remuneration and other benefits paid to whole-time directors and members of Executive Council during the year ended March 31, 2011 and March 31, 2010 are as follows :
in crore
Name |
Salary |
Contributions to provident and other funds |
Perquisites and incentives |
Total remuneration |
Co-Chairman (1) Nandan M. Nilekani |
– |
– |
– |
– |
0.09 |
0.02 |
0.23 |
0.34 |
|
Chief Executive Officer and Managing Director S. Gopalakrishnan |
0.34 |
0.08 |
0.69 |
1.11 |
0.32 |
0.08 |
0.61 |
1.01 |
|
Chief Operating Officer and Director S. D. Shibulal |
0.34 |
0.08 |
0.66 |
1.08 |
0.31 |
0.08 |
0.56 |
0.95 |
|
Whole-time directors K. Dinesh |
0.34 |
0.08 |
0.68 |
1.10 |
0.32 |
0.08 |
0.61 |
1.01 |
|
T. V. Mohandas Pai |
0.43 |
0.10 |
2.56 |
3.09 |
0.36 |
0.08 |
2.69 |
3.13 |
|
Srinath Batni |
0.43 |
0.10 |
1.76 |
2.29 |
0.36 |
0.07 |
1.98 |
2.41 |
|
Executive Council Members |
||||
Chief Financial Officer V. Balakrishnan |
0.38 |
0.08 |
2.15 |
2.61 |
0.30 |
0.08 |
2.06 |
2.44 |
|
Ashok Vemuri |
2.22 |
– |
3.10 |
5.32 |
2.09 |
– |
2.79 |
4.88 |
|
Chandra Shekar Kakal |
0.34 |
0.08 |
2.16 |
2.58 |
0.28 |
0.06 |
1.73 |
2.07 |
|
B. G. Srinivas |
1.94 |
– |
2.99 |
4.93 |
1.81 |
– |
2.75 |
4.56 |
|
Subhash B. Dhar |
0.30 |
0.08 |
1.69 |
2.07 |
0.24 |
0.07 |
1.42 |
1.73 |
Note : (1) Effective July 9, 2009, Nandan M. Nilekani relinquished the positions of Co-Chairman and Member of the Board
Particulars of remuneration and other benefits of non-executive / independent directors for the years ended March 31, 2011 and March 31, 2010 :
in crore
Name |
Commission |
Sitting fees |
Reimbursement of |
Total |
Independent directors Deepak M. Satwalekar |
0.59 |
– |
0.01 |
0.60 |
0.60 |
– |
– |
0.60 |
|
Prof. Marti G. Subrahmanyam |
0.79 |
– |
0.23 |
1.02 |
0.65 |
– |
0.20 |
0.85 |
|
Dr. Omkar Goswami |
0.51 |
– |
0.03 |
0.54 |
0.52 |
– |
0.03 |
0.55 |
|
Claude Smadja (1) |
0.23 |
– |
0.09 |
0.32 |
0.59 |
– |
0.25 |
0.84 |
|
Rama Bijapurkar (2) |
0.04 |
– |
– |
0.04 |
0.49 |
– |
0.02 |
0.51 |
|
Sridar A. Iyengar |
0.69 |
– |
0.24 |
0.93 |
0.62 |
– |
0.21 |
0.83 |
|
David L. Boyles |
0.65 |
– |
0.34 |
0.99 |
0.59 |
– |
0.15 |
0.74 |
|
Prof. Jeffrey S. Lehman |
0.67 |
– |
0.13 |
0.80 |
0.61 |
– |
0.24 |
0.85 |
|
K. V. Kamath |
0.56 |
– |
0.01 |
0.57 |
0.39 |
– |
0.02 |
0.41 |
|
R. Seshasayee (3) |
0.10 |
– |
– |
0.10 |
– |
– |
– |
– |
|
Non-executive Chairman and Chief mentor N. R. Narayana Murthy |
0.61 |
– |
– |
0.61 |
0.57 |
– |
– |
0.57 |
Notes : | (1) | Retired from the board effective August 30, 2010 |
(2) | Resigned from the board effective April 13, 2010 | |
(3) | Joined the board effective January 13, 2011 |