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ONGC- Statement of the Boards, Councils, Committees and Other Bodies

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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 Six Whole-Time Directors viz. Director (Onshore), Director (Technology & Field Services), Director (Finance), Director (Offshore), 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. Rajesh Kumar Srivastava Chairman & Managing Director - Additional Charge
2. Rajesh Kumar Srivastava Director (Exploration)
3. Rajesh Kumar Srivastava Director (HR) - Additional Charge
4. Om Prakash Singh Director (T&FS)
5. Anurag Sharma Director (Onshore)
6. Pankaj Kumar Director (Offshore)
7. Pomila Jaspal Director (Finance)

(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

  1. Audit & Ethics Committee
  2. Financial Management Committee
  3. Project Appraisal Committee
  4. Human Resource Management Committee
  5. Stakeholders’ Relationship Committee
  6. Nomination & Remuneration Committee
  7. Health Safety & Environment Committee
  8. Committee on Corporate Social Responsibility & Sustainability Development
  9. Committee on Dispute Resolution
  10. Committee for Issue of Share Certificates
  11. Risk Management Committee
  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


List of Committees of the Board of the Company

Sl. No. Name of the Committee  Members
1. Audit & Ethics Committee Chairman - CMD
Members-
2. Financial Management Committee
  1. Director (Finance) - Member
  2. Concerned Functional Director - Member
Convenor - Director (Finance)
3. Project Appraisal Committee  
  1. Director (Offshore) - Member
  2. Director (Finance) - Member
  3. Concerned Functional Director - Member
Convener - Director (Offshore)
4. Human Resource Management Committee
  1. CMD and all Functional Directors - Members
Convener - Director (HR)
5. Stakeholders’ Relationship Committee Chairperson - CMD
Members – Director (HR) and Director (E)
6. Nomination & Remuneration Committee Chairman - 
Members -
7. HSE Committee  
  1. CMD and all Functional Directors - Members
Convener - Director (Exploration)
8. Committee on CSR & SD Chairman - CMD
Members -  CMD, Director (E) and Director (HR)
9. Committee on Dispute Resolution
  1. Director (T&FS) - Member
  2. Director (Onshore) - Member
  3. Director (Finance) - Member
  4. Concerned Functional Director - Member
Convener - Director (T&FS)  
10. Committee for Issue of Share Certificates (CISC): Chairman –  CMD
Members - Director (HR)
11. Risk Management Committee Chairman – CMD
Members – Director (E)
12. Research and Development Committee
  1. Director (T&FS) - Member
  2. Director (Offshore) - Member
  3. Director(HR) - Member
  4. Director (Exploration) - Member
  5. Director (Onshore) - Member
  6. Director (Finance) - Member
Convener - Director (Exploration)
13. Project Review Committee
  1. Director (Offshore) - Member
  2. Director (Onshore) - Member
  3. Director (Finance) - Member
  4. Concerned Functional Director - Member
Convener - Director (Offshore)
14. Committee for Review of Subsidiaries & Joint Ventures
  1. Director (T&FS) - Member
  2. Director (Offshore) - Member
  3. Director (Onshore) - Member
  4. Director (Finance) - Member
Convener - Director (Finance)
15. Committee for Review of Operations
  1. Director (T&FS) - Member
  2. Director (Offshore) - Member
  3. Director (Exploration) - Member
  4. Director (Onshore) - Member
  5. Director (Finance) - Member
Convener - Director (T&FS)  
16. Asha Kiran Chairman – CMD
Members - Director (HR)


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