Statement of the boards, councils, committees and other bodies consisting of two or more persons constituted as its part or for the purpose of its advice,
Statement of the boards, councils, committees and other bodies consisting of two or more persons constituted as its part or for the purpose of its advice, and as to whether meetings of those boards, councils, committees and other bodies are open to the public, or the minutes of such meetings are accessible for public
The Management of the Company is vested with the Board of Directors, which formulates strategies, policies and reviews its performance periodically. The Chairman& Managing Director (CMD) and Five Whole-Time Directors viz. , Director (Technology & Field Services), Director (Finance), Director (Production), Director (Exploration) and Director (Human Resource), manage the business of the Company under the overall supervision, control and guidance of the Board of Directors.
The strength of the Board is 18 members, comprising of 7 Functional Directors, including the Chairman & Managing Director and 11 non-executive Directors comprising 2 part-time official Directors and 9 part-time non-official Directors all nominated by Government of India. The Board of Directors thus, has an adequate combination of executive and non-executive Directors.
In terms of the Articles of Association of the Company, the Board of Directors can have minimum Four Directors and maximum Twenty one Directors. As on 2nd January 2016, the strength of the Board of Directors is 13 members, comprising of 7 Functional Directors (including the Chairman & Managing Director) and 6 Non-executive Directors (comprising 2 part-time official nominee Directors and 4 part-time non-official Director) nominated by the Government of India. To share the global experience and business strategies, Managing Director, ONGC Videsh Limited (OVL) is a permanent invitee to the meetings of the Board.
The Composition of the Board of Directors as on 1st January 2020 is as under:
| Name of the Director | Designation |
|---|---|
| (A) CMD and Functional Directors | |
| 1. Arun Kumar Singh | Chairman & CEO |
| 2. Om Prakash Singh | Director (T&FS) |
| 3. Pankaj Kumar | Director (Production) |
| 4. Sushma Rawat | Director (Exploration) |
| 5. Manish Patil | Director (Human Resource) |
| 6. Vivek Chandrakant Tongaonkar | Director (Finance) |
| 7. Arunangshu Sarkar | Director (Strategy & Corporate Affairs) |
|
(B) Government Nominee |
|
| 1. Praveen Mal Khanooja | Government Nominee Director |
| (C ) Independent Director | |
| 1. Syamchand Ghosh | Independent Director |
| 2. V Ajit Kumar Raju | Independent Director |
| 3. Manish Pareek | Independent Director |
| 4. Reena Jaitly | Independent Director |
| 5. Dr Prabhaskar Rai | Independent Director |
| 6. Dr Madhav Singh | Independent Director |
Board Level Committees:
ONGC has the following Board Level Committees
- Audit & Ethics Committee
- Financial Management Committee
- Project Appraisal Committee
- Human Resource Management Committee
- Stakeholders’ Relationship Committee
- Nomination & Remuneration Committee
- Health Safety & Environment Committee
- Committee on Corporate Social Responsibility & Sustainability Development
- Committee on Dispute Resolution
- Committee for Issue of Share Certificates
- Risk Management Committee
- Research and Development Committee
- Project Review Committee
- Committee for Review of Subsidiaries & Joint Ventures
- Committee for Review of Operations
- Asha Kiran
List of Committees of the Board of the Company
| Sl. No. | Name of the Committee | Members |
|---|---|---|
| 1. | Audit & Ethics Committee | Chairman - Chairman & CEO Members- |
| 2. | Financial Management Committee |
|
| 3. | Project Appraisal Committee |
|
| 4. | Human Resource Management Committee |
|
| 5. | Stakeholders’ Relationship Committee | Chairperson - Chairman & CEO Members – Director (HR) and Director (E) |
| 6. | Nomination & Remuneration Committee | Chairman - Members - |
| 7. | HSE Committee |
|
| 8. | Committee on CSR & SD | Chairman - Chairman & CEO Members - Chairman & CEO, Director (E) and Director (HR) |
| 9. | Committee on Dispute Resolution |
|
| 10. | Committee for Issue of Share Certificates (CISC): | Chairman – Chairman & CEO Members - Director (HR) |
| 11. | Risk Management Committee | Chairman – Chairman & CEO Members – Director (E) |
| 12. | Research and Development Committee |
|
| 13. | Project Review Committee |
|
| 14. | Committee for Review of Subsidiaries & Joint Ventures |
|
| 15. | Committee for Review of Operations |
|
| 16. | Asha Kiran | Chairman – Chairman & CEO Members - Director (HR) |
