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what is the salary of Non Executive Posts of CPCL?

The pay for non-executive jobs at Chennai Petroleum Corporation Limited (CPCL) depends on the type of job:

1. Category 1 Jobs: Basic pay of ₹25,000/- per month in Grade IV.
2. Category 2 Jobs: Salary ranges from ₹25,000 to ₹1,05,000 per month.

The salary details for various posts at Chennai Petroleum Corporation Limited (CPCL) are:

CPCL Executive Posts:

• Annual salary package: ₹17 lakhs per annum (₹50,000 to ₹1,80,000 per month).
• Eligibility: Three-year diploma in engineering.
• Benefits: Dearness Allowance (DA), House Rent Allowance (HRA), Conveyance Maintenance, Cafeteria, Contributory Provident Fund.

Non-Executive Posts:

• Salary range: ₹25,000 to ₹1,05,000 per month.

The role of Non-Executive Directors (NEDs) in a company includes:

Definition:

• NEDs are board members who aren't involved in day-to-day operations.
• They provide independent advice and help with strategic decisions.

Key Responsibilities:

• Performance Review:
  • Evaluate management's performance and ensure goals are met.
  • Monitor reporting to stakeholders.
• Strategic Direction:
  • Assess plans and challenge strategies.
  • Collaborate with executives to set company values.
• Time Commitment:
  • Dedicate enough time to oversee the company.
  • Be transparent about other commitments.

NEDs play a vital role in strategy, governance, and protecting shareholder interests.

Non-Executive Directors (NEDs) play a vital role in corporate governance, offering various benefits:

Experience and Expertise:

• Bring diverse industry knowledge and insights.
• Offer strategic guidance and identify market trends.

Challenging the Status Quo:

• Question established practices and encourage innovation.
• Inspire creative problem-solving and new strategies.

Developing and Implementing Corporate Strategy:

• Shape strategic direction with executives.
• Ensure alignment with long-term goals and market trends.

Overseeing Risk Management and Compliance:

• Assess and mitigate risks.
• Ensure compliance with regulations and ethical standards.

Promoting Good Governance Practices:

• Advocate transparency, accountability, and ethical behavior.

Building Stakeholder Relationships:

• Engage with shareholders and stakeholders to enhance trust.

Attracting Top Talent:

• Their credibility attracts high-caliber professionals.

Enhancing Shareholder Value: