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. Manish Patil | Director (Human Resource) |
| 3. Vikram Saxena | Director (Technology & Field Services) |
| 4. O P Sinha | Director (Exploration) |
| 5. Satyan Kumar | Director (Strategy & Corporate Affairs) |
| 6. Anupam Agarwal | Director (Finance) |
| 7. Bhaskar Chowdary Nettem | Director (Production) |
|
(B) Government Nominee |
|
| 1. Praveen Mal Khanooja | Government Nominee Director |
| 2. Vinod Seshan | Government Nominee 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
