Page 172 - Hitachi IR 2025

BOARD’S REPORT
The Company’s Directors are qualified and possess the appropriate knowledge, skills, experience, expertise,
diversity and independence, covering Business, Finance & Accounting and Governance/ Legal. In the table
given below, various skills/ expertise/ competencies of the Board of Directors are given:
Areas of Skills / Expertise / Competencies
Sl.
No. Name of the Director
1. Mr. Nuguri Venu ✓ ✓ ✓ ✓
2. Mr. Achim Michael Braun ✓ ✓ ✓
3. Mr. Ismo Antero Haka ✓ ✓ ✓ ✓
4. Mr. Mukesh Butani ✓ ✓ ✓ ✓
5. Ms. Akila Krishnakumar ✓ ✓ ✓
6. Ms. Meena Ganesh ✓ ✓ ✓
Business Finance &
Accounting
Governance /
Legal Leadership
(h) Succession Planning for the Board and Senior Management:
The Company has a robust system in place to ensure smooth transitions in leadership, including for our
Directors, Executive Director, Senior Management Team and other critical talents and key roles.
This is an annual global process where employees across all levels are rated on their Potential Index in
the 9 Box grid, retention risk loss impact and successors for Key positions are identified. Additionally,
the Company regularly reviews talents for Senior Management and other executive officers. This process
provides a comprehensive overview of our leadership level talent inventory and capabilities, ensuring that
we meet our critical talent needs in alignment with our business drivers.
(i) Compliance Framework:
The Company has a robust and effective framework for monitoring compliances with applicable laws within
the organization and providing updates to Senior Management and the Board periodically. The Board of
Directors periodically review the status of the compliances with the applicable laws.
(j) Independent Directors:
• The Independent Directors are from diverse fields of expertise and have long-standing experience and
expert knowledge in their respective fields are very relevant as well as of considerable value for the
Company’s business.
As a part of the familiarization program as required under the SEBI Listing Regulations, the Directors
have been appraised during the Board/Committee Meetings about the amendments to the various
enactments viz., Companies Act, 2013 (the Act) and the SEBI Listing Regulations. Further, as a part of
Board and Committee Meetings members of the Board are also appraised on various developments
in business both from an internal and external perspective.
• During the period under review, the Company has conducted the familiarization program and pursuant
to Regulation 46 of the SEBI Listing Regulations, details of the same are available on the Company’s
website at: https://www.hitachienergy.com/in/en/investor-relations/board-of-directors.
• The terms and conditions of appointment of the Independent Directors are disclosed on the Company’s
website at: https://www.hitachienergy.com/in/en/investor-relations/board-of-directors.
• Independent Directors of the Company have provided a declaration as required under the Act and the
SEBI Listing Regulations. The Board has noted the said declarations and opinion that all Independent
Directors fulfil the conditions of independence and are independent of the Management of the Company.
All Independent Directors fulfil the requirements stipulated in Regulation 25(1) of the SEBI Listing
Regulations and the Act.
The Key Managerial Personnel (KMP) of the Company provide regular updates to all the Directors
by making presentation(s) on key business developments, business & financial performance, new
strategic initiatives, financial outlook, financial reports, risk, compliance, market outlook/evolving
trends, sustainability initiatives, CSR, Human Resources, safety, key regulatory updates.
170 Hitachi Energy India Limited