What is the salary of Raj Kamal Aggarwal: Independent Director & Chairman at Jindal Saw?

Dr. Raj Kamal Aggarwal, who serves as an Independent Director & Chairman at Jindal Saw Limited, has a total compensation package that includes various components.

For broader context, let's examine the compensation trends for the Group Chief Executive Officer (CEO) of Jindal Saw, Mr. Neeraj Kumar:

• In the most recent financial year (ending March 31, 2023), Mr. Neeraj Kumar received a total compensation of ₹82.3 million (approximately $1.1 million USD). This figure encompasses both salary and other components.

The average annual salaries for various positions at Jindal Saw Limited presented in a table:

Some common roles and responsibilities for this position:

1. Board Leadership and Governance:
   • Chairing Board Meetings: Dr. Aggarwal presides over board meetings, ensuring effective communication and decision-making.
   • Ensuring Compliance: As an independent director, Dr. Aggarwal ensures compliance with legal and regulatory requirements.
   • Fiduciary Duties: Upholding fiduciary duties by acting in the best interest of the company and its stakeholders.
2. Strategic Oversight:
   • Strategy Formulation: Dr. Aggarwal contributes to long-term strategic planning, including business expansion, diversification, and risk management.
   • Risk Assessment: Identifying and assessing risks that may impact the company's performance and reputation.
   • Performance Evaluation: Regularly evaluating the company's performance against strategic goals.
3. Financial Oversight:
   • Financial Reporting: Reviewing financial statements, audit reports, and ensuring transparency.
   • Audit Committee Participation: Serving on the audit committee to oversee financial controls and reporting.
4. Stakeholder Relations:
   • Shareholder Communication: Engaging with shareholders, addressing concerns, and providing updates.
   • Collaboration with Management: Working closely with the executive team to align board decisions with operational goals.
5. Ethical Leadership:
   • Promoting Ethics: Upholding ethical standards and promoting a culture of integrity within the organization.
   • Conflict Resolution: Addressing conflicts of interest and ensuring fair decision-making.
6. Nomination and Remuneration Committee:
   • Dr. Aggarwal may be part of committees responsible for executive appointments and compensation.

Dr. Raj Kamal Aggarwal, as an Independent Director & Chairman at Jindal Saw, likely receives a comprehensive compensation package that includes various benefits. Some common benefits for high-level executives in similar positions include:

• Housing Assistance: Companies may provide housing or assistance with rent for senior executives.
• Transportation Allowance: Executives may receive a monthly car allowance or have chauffeur-driven cars for travel.
• Wellness Programs: Benefits like health insurance coverage, gym memberships, and stress management support may be offered.
• Other Perks: Additional perks can include club memberships, mobile phone bill reimbursements, and business-class travel for official trips.