Item No. Amendments in Stewardship Policy (Version No.3.0) The following amendments are proposed in the current Stewardship Policy (Version 2.0)of the Company, was last approved by the Board on July 23, 2018: Proposed Amendments in Stewardship Policy (Version No. 3.0) Sr. No. Existing Provision Revised Provision Clause Designated Holdings of Employees of Holdings of Designated 1 2.4. (a) RNLIC covered under Employee Employees of covered under Personal Securities Trading Dealing Employee Personal Securities policy would be shared to Compliance. Trading Dealing policy would be maintained by Compliance The ECI shall be responsible for the The ECI shall be responsible for 3.2. (a) 2 supervision of the monitoring of the the monitoring of the investee investee companies’ business strategy, companies’ business strategy, performance, risk, capital structure, performance, risk, capital leadership effectiveness, succession structure, remuneration, planning, remuneration, corporate corporate governance governance performance, cultural, performance, cultural, social and social and environmental matters. environmental matters. RNLIC shall inform the investee Removed 3.2. (c) 3 companies to not share any unpublished price sensitive information with us which would make the us without a specific prior ‘insider’, agreement with RNLIC RNLIC shall review the investee Removed 3.3 4 companies’ business strategy, performance, risk, capital structure, leadership effectiveness, succession planning, remuneration, corporate governance, cultural, social and environmental matters. shall be required to record and RNLIC shall be required to record Clause 6.5 5 disclose specific rationale supporting its and disclose voting decision (for, voting decision (for, against or abstain) against or abstain) with respect to with respect to each vote proposal. each vote proposal. RNLIC shall RNLIC shall disclose all voting activity disclose all voting activity on a
Item No. Amendments in Stewardship Policy (Version No.3.0) The following amendments are proposed in the current Stewardship Policy (Version 2.0)of the Company, was last approved by the Board on July 23, 2018: Proposed Amendments in Stewardship Policy (Version No. 3.0) Sr. No. Existing Provision Revised Provision Clause 1 Designated Holdings of Employees of RNLIC covered under Employee Personal Securities Trading Dealing policy would be shared to Compliance. Holdings of Designated Employees of covered under Employee Personal Securities Trading Dealing policy would be maintained by Compliance 2.4. (a) 2 The ECI shall be responsible for the supervision of the monitoring of the investee companies’ business strategy, performance, risk, capital structure, leadership effectiveness, succession planning, remuneration, corporate governance performance, cultural, social and environmental matters. The ECI shall be responsible for the monitoring of the investee companies’ business strategy, performance, risk, capital structure, remuneration, corporate governance performance, cultural, social and environmental matters. 3.2. (a) 3 RNLIC shall inform the investee companies to not share any unpublished price sensitive information with us which would make the us ‘insider’, without a specific prior agreement with RNLIC Removed 3.2. (c) 4 RNLIC shall review the investee companies’ business strategy, performance, risk, capital structure, leadership effectiveness, succession planning, remuneration, corporate governance, cultural, social and environmental matters. Removed 3.3 5 shall be required to record and disclose specific rationale supporting its voting decision (for, against or abstain) with respect to each vote proposal. RNLIC shall disclose all voting activity RNLIC shall be required to record and disclose voting decision (for, against or abstain) with respect to each vote proposal. RNLIC shall disclose all voting activity on a Clause 6.5
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