effect shall be made in the Directors’ Report disclosing name, qualifications and major terms of appointment.

• Conduct periodic reviews of the amount and form of Directors’ compensation for Board and Committee services in
relation to current norms. Recommend any adjustments for Board consideration and approval.
• Periodic review of the amount and form of reimbursement for terminal benefits in case of death of any employee in
relation to current norms.
• Consider any changes to the Company’s retirement benefit plans including gratuity and pension based on the
actuarial reports, assumptions and funding recommendations.
• Recommend and obtain approval of financial package for CBA agreement from the Board of Directors.
• Carryout annual review of grievances initiated in accordance with the Grievance Policy.

System & Technology Committee

FFC’s System & Technology Committee comprises of four (04) members appointed by the Board from among the Board
Members, including one independent non-executive female director.

The committee met five times during the year, which is beyond the minimum regulatory requirement of two meetings per
annum.

Committee Composition

25% Non-Executive
Members Independent Chairman

Total
Directors Jan 20 Jul 05 Oct 21 Nov 28 Dec 19 Meetings
Attended
Mr Peter Bruun Jensen
05
Chairman

Dr Nadeem Inayat
X X X X X 0
Member

Maj Gen Naseer Ali Khan, HI(M)

(Retired) 05
Member

Ms Maryam Aziz
05
Member

• Set out the asset / plant against Cost Benefit Analysis

Salient Features and
Terms of Reference
The Committee shall be at the policy
making level and may not infringe
on the Management function. It shall
play an advisory role and it may make
recommendations to the Board for
upgradation and maintenance
strategy and recommend the
same for Board approval.
• Review of the company’s annual
CAPEX Budget relating to
the plants / other locations in
category of essential / mandatory
and recommend for Board’s
approval.
• Review of the plant performance
/ KPI’s (on bi-annual basis)
actual vs budgeted based on
rapidly depleting natural gas
resources and consequent
Company Overview

approval, including but not limited to equipment entailing reliability, impact on overall plant
the following: sustainability, HSE and also performance and energy index.
the projects requiring Energy & Following are the KPIs pertaining
Capacity Revamps but justified to Manufacturing & Operations:

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