Corporate Governance

Who is the CEO of the company? How long has he or she been CEO?

Ans: Mukesh Ambani (31/2002 - present)

Mr. Mukesh Dhirubhai Ambani is Chairman and Managing Director of Reliance Industries Ltd. since July 31, 2002 and has
been its Director since April 01, 1977. Mr. Ambani serves as an Executive of Reliance Enterprises Limited. He joined
Reliance in 1981. Previously, he served as Managing Director of Reliance Group. He served as the Chairman of Reliance
Retail Limited. He has been an Executive Director of Reliance Industries Ltd since April 1, 1997. He serves as Chairman of
the Board at Reliance Jio Infocomm Limited and its Director since June 22, 2010 and served as its Managing Director.

 If it is a family run company, is the CEO part of the family? If not, what career path did the CEO take to get to the top?
(Did he come from within the organization or from outside?

Ans: CEO is the part of the family only.

Mr. Mukesh D. Ambani is a Chemical Engineer from the Institute of Chemical Technology, Mumbai. He pursued an MBA
from Stanford University in the US. He has been on the Board of Reliance since 1977. He initiated Reliance’s backward
integration journey – from textiles to polyester fibres and further onto petrochemicals and petroleum refining, and going
upstream into oil and gas exploration and production.

In the late nineties, Mr. Mukesh Ambani spearheaded the creation of the world’s largest grassroots petroleum refinery at
Jamnagar in Gujarat, India, with a capacity of 660,000 barrels per day (33 million tonnes a year), and integrated it with
petrochemicals, power generation, port and related infrastructure
He also led Reliance’ development of infrastructure facilities and implementation of a pan-India organized retail network
spanning multiple formats and supply chain infrastructure. Today, Reliance Retail is the largest organised retail player in
India. He has created global records in customer acquisition for Jio, Reliance’ digital services initiative. He led and
established one of the world’s most expansive 4G broadband wireless network offering end-to-end solutions that address
the entire value chain across various digital services in key domains of national interest, such as education, healthcare,
security, financial services, government-citizen interfaces, and entertainment.

How much did the CEO make last year? What form did the compensation take? (Break down by salary, bonus and
option components)

Ans: Mukesh Ambani capped his salary at 15 crore for 2019-20

Salary and allowances: Rs. 4.36 cr
Commission : Rs. 9.53 cr
Perquisites: Rs 40 lakh
Retirement benefits: Rs 71 lakh

Mukesh's total compensation is above average for companies of similar size in the Indian market.

Compensation vs Earnings: Mukesh's compensation has been consistent with company performance over the past year.
4.How much stock and options in the company does the CEO own ?

Ans: Ambani family, holds approx. 49.38% under different institutional bodies of the total shares whereas the remaining
50.62% shares are held by public shareholders, including FII and corporate bodies.

Mukesh Ambani who is the CEO of the company owns 0.76% i.e. 47,949,405 out of the total shares

5.Who is on the board of directors of the company? How long have they served as directors? 
Ans: 
Mr. Mukesh D Ambani (Chairman & Managing Director April 01 1977 - present)
Mr. Nikhil R Meswani (Executive Director July 01 1988 - present)
Mr.Hital R Meswani (Executive Director August 4 1995 - present)
Mr. P M S Prasad (Executive Director August 2004 - present)
Mr. Pawan Kumar Kapil (Executive Director May 2010 - present)
Dr. Shumeet Banerji (Non Executive Director  2017 - present)
Mr. Yogendra P Trivedi (Non Executive Director August 4 1995 - present)
Mr. K V Chowdary (Non Executive Director Oct 2019 - present)
Mrs. Nita M Ambani (Non Executive Director June 2014 - present( 
Mr. Adil Zainulbhai Non Executive Director December 2013 - present)
Dr. Raghunath A Mashelkar (Non Executive Director (2007 - present)
Mr. Raminder Singh Gujral (Non Executive Director June 2015 - present)
Prof. Dipak C Jain (Non Executive Director August 1995 - present)
Mrs. Arundhati Bhattacharya (Non Executive Director Oct 2018 - present)

6.How many of the directors are CEOs of other companies? 

Ans. Mrs. Arundhati Bhattacharya (Chairman & CEO at Salesforce India)

         Mr. Shumeet Banerji (CEO at Booz & Company (2008 - 2012)

7.Do any of the directors have large stockholdings or represent those who do?
Ans: 

8.Are there differences in voting rights across shares? If so, do incumbent managers own a disproportionate share of
the voting shares
Ans:

Promoter & Promoter Group- 48.94% voting rights

Public- 48.07% voting rights

Non Promoter-Non Public:

Shares underlying DRs- 2.99% voting rights

Shares held by Employee Trusts- 0.00% voting rights

Total= 100%

9.How many of the directors are ‘insider’ directors? (i.e. employees or managers of the company)

Ans: Mukesh D Ambani ,  

         Hital R. Meswani
         Nikhil R. Meswani
         PMS Prasad
         P.K. Kapil

10.How many of the directors have other connections to the firm (as suppliers, clients, customers..)?
Ans:

Financial Market Concerns

• How many analysts follow the firm?

Reliance Limited is followed by 35 of the top analysts some of which are- BofA Securities, JP morgan, Nomura, Axis Capital,
Macquire, Emkay, Motilal Oswal, Morgan Stanley, BNP Parias, Prabhudas Lilladhar, Goldman sachs,IIFL securities, BOB Capita
Markets, JM financials etc.

Does the firm have a particularly good or bad reputation as a corporate citizen?
• If it does, how has it earned this reputation?
• If the firm has been a recent target of social criticism, how has it responded?

Billionaire Mukesh Ambani's oil-to-telecom conglomerate Reliance Industries NSE -0.11 % (RIL) has been ranked second
biggest brand after Apple on the FutureBrand Index 2020. "This year's highest entrant at number two, Reliance
Industries excels on every attribute," FutureBrand said, releasing its 2020 Index.

One of the most profitable companies in India, Reliance is, "very well respected" and "seen as behaving ethically" as
well as being associated with "growth", "innovative products" and "great customer service", it said. "In particular, people have a strong emotional connection with the
organisation."
Reliance has always made sustainable development the cornerstone of its business strategy to achieve sustainable and profitable growth, creating in its wake thriving
eco-systems around all its businesses. To provide impetus to various developmental initiatives of RIL, Reliance Foundation was set up in 2010 as an expression of its
vision towards sustainable growth in India.

A large number of initiatives are focused on developing community infrastructure and protecting the environment. Reliance has developed infrastructure for water
conservation and constructed community halls, schools, and health centers in various locations.

Some of Reliance's initiatives to promote environment protection include investing in renewable energy sources, promoting green plantations and spreading
environmental awareness.

Reliance supports local schools with logistical and financial support, capacity building of teachers and infrastructure development.

Reliance also organises skill development and income-generating programmes for local communities. Assistance is also given to such communities by helping them
to start Self Help Groups and empowering them with marketing knowhow.

Women & Youth Empowerment Programmes

Reliance nurtures and sponsors many projects designed to educate, employ and empower women and youth in and around the catchment areas of its operations.
Reliance Community Development Programmes
Reliance conducts several livelihood training programmes and has provided aid and equipment to the physically challenged

Project Jagruti
A project to uplift and bring dyslexic students from the underprivileged segment into the main stream.

Reliance Dhirubhai Ambani Protsahan Scheme

A scheme for supporting meritorious students and providing financial aid to the toppers for pursuing higher studies in engineering and medical streams.

Reliance provides affordable curative and preventive healthcare services to the community through various healthcare programmes. It has constructed health centers,
operates mobile medical clinics and emergency ambulance services, and conducts various camps on health awareness.

Reliance is also focusing on specific areas like addressing maternal mortality and providing support to patients suffering from chronic ailments such as AIDS and TB.

Reliance Primary Health Centre

Reliance adopted a PHC in Gujarat for catering to the community health needs under the National Rural Health Mission Programme.

Reliance Employee Health Care Services

Reliance Occupational Health Centers, located at plants and offices, are equipped with state-of-the-art facilities and manned by specialists to take care of the staff and
their families.

Reliance HIV/DOTS Therapy Centre

This centre’s programme for the underprivileged is run with the support from various governmental and non-governmental organizations.
Dhirubhai Ambani Hospital
The hospital plays a significant role in improving the quality of life with its prompt and specialized services and by providing free lifesaving treatment.

• How much trading volume is there on this stock?

Stable Share Price: RELIANCE is less volatile than 75% of Indian stocks over the past 3 months, typically
moving +/- 4% a week.

Volatility Over Time: RELIANCE's weekly volatility (4%) has been stable over the past year.