Board Committees Details relating to Audit, Compensation, Corporate Social Responsibility and Nominating Committees of our board are provided below: Audit Committee Our Audit Committee is comprised of three independent directors, as determined under applicable NASDAQ rules. They are: Mr C B Mouli; Dr S K Rao; and Mr C E S Azariah The primary objective of the Audit Committee is to monitor and provide effective supervision of our financial reporting process with a view towards ensuring accurate, timely and proper disclosures and the transparency, integrity and quality of financial reporting. Our Audit Committee oversees the work carried out in the financial reporting process by our management, including the internal auditors and the independent auditor and reviews the processes and safeguards employed by each. In addition, our Audit Committee has the responsibility of oversight and supervision over our system of internal control over financial reporting, audit process, and process for monitoring the compliance with related laws and regulations. The Audit Committee recommends to our Board the appointment of our independent registered auditors and approves the scope of both audit and non-audit services. All members of the Audit Committee meet the independence requirements and majority of them meet financial literacy requirements as defined by applicable NASDAQ and SEC rules. The Audit Committee held five meetings in person during fiscal year 2016-17. The Audit Committee has adopted a Charter and it is reviewed annually. Compensation Committee Our Compensation Committee consists of one executive and three independent directors as determined under applicable NASDAQ rules, and consists of: (i) Dr T H Chowdary; (ii) Dr S K Rao; (iii) Mr C E S Azariah and (iv) Mr Ananda Raju Vegesna The Compensation Committee of the Board of Directors determines the salaries, benefits and stock option grants for our employees, consultants, directors and other individuals compensated by our Company. The Compensation Committee also administers our compensation plans. The Compensation Committee has adopted a Charter, which is reviewed annually. The Compensation Committee held four meetings in person during fiscal 2016-17. Corporate Social Responsibility Committee
Board Committees Details relating to Audit, Compensation, Corporate Social Responsibility and Nominating Committees of our board are provided below: Audit Committee Our Audit Committee is comprised of three independent directors, as determined under applicable NASDAQ rules. They are: Mr C B Mouli; Dr S K Rao; and Mr C E S Azariah The primary objective of the Audit Committee is to monitor and provide effective supervision of our financial reporting process with a view towards ensuring accurate, timely and proper disclosures and the transparency, integrity and quality of financial reporting. Our Audit Committee oversees the work carried out in the financial reporting process by our management, including the internal auditors and the independent auditor and reviews the processes and safeguards employed by each. In addition, our Audit Committee has the responsibility of oversight and supervision over our system of internal control over financial reporting, audit process, and process for monitoring the compliance with related laws and regulations. The Audit Committee recommends to our Board the appointment of our independent registered auditors and approves the scope of both audit and non-audit services. All members of the Audit Committee meet the independence requirements and majority of them meet financial literacy requirements as defined by applicable NASDAQ and SEC rules. The Audit Committee held five meetings in person during fiscal year 2016-17. The Audit Committee has adopted a Charter and it is reviewed annually. Compensation Committee Our Compensation Committee consists of one executive and three independent directors as determined under applicable NASDAQ rules, and consists of: (i) Dr T H Chowdary; (ii) Dr S K Rao; (iii) Mr C E S Azariah and (iv) Mr Ananda Raju Vegesna The Compensation Committee of the Board of Directors determines the salaries, benefits and stock option grants for our employees, consultants, directors and other individuals compensated by our Company. The Compensation Committee also administers our compensation plans. The Compensation Committee has adopted a Charter, which is reviewed annually. The Compensation Committee held four meetings in person during fiscal 2016-17. Corporate Social Responsibility Committee