GeneSys

Our executive management team is made up of seasoned individuals who now seek to define Genesys Industries as a world-class company delivering products and services in a diverse industry base.

At Genesys Industries corporate governance is about values, ethics and commitment to high levels of transparency, integrity that go beyond regulatory compliance. Our corporate track record, culture and policies exude and promote highest levels of governance, trust and information sharing with our stakeholders. We comply with all regulatory guidelines in respect of corporate governance, especially with respect to broad basing of the board, constituting the committees such as the Audit Committee and the Investors' Grievance Committee. We are also in compliance with the requirements of any stock exchange circulars that may have been filed with the respective stock exchanges and regulators, which notifies revised corporate governance guidelines, by the required date (currently notified as December 31, 2008) for listed entities.

Genesys Industries has developed the following independent committees of our Board of Directors for institutionalizing compliance with corporate governance requirements:

Audit Committee
Investors Grievance Committee
Remuneration Committee
Share Transfer/ Transmission Committee
Code of Conduct for Directors and Senior Management

AUDIT COMMITTEE
The members of the Audit Committee of the board are:

Mr. Manish Bhatt
Mr. Harry Anger
Mr. Subin Kurian

The Audit Committee oversees the company's financial reporting process and disclosure of its financial information. It further reviews the accounting and financial policies and practices, internal control systems, quarterly and half yearly and annual financial results. It also recommends the potential appointment of statutory and internal auditors and considers and discusses reports and observations made by them.

INVESTORS GRIEVANCE COMMITTEE
The members of the Investors' Grievance Committee of the board are:

Mr. Harry Anger.
Mr. Manish Bhatt.

The committee is responsible for the redressal of shareholders, and investors' grievances such as non-receipt of share certificates, balance sheet, dividend etc.

REMUNERATION COMMITTEE
The members of the Remuneration Committee of the board are:

Mr. Harry Anger
Mr. Subin Kurian
Mr. Manish Bhatt

The Remuneration Committee determines the company's remuneration policy, having regard to performance standards and existing industry practice. Under the existing policies of our company, the remuneration committee determines the remuneration payable to the relatives of the promoters who hold positions in our company.

SHARE TRANSFER COMMITTEE
The members of the Share Transfer / Transmission Committee of the board are:

Mr. Harry Anger
Mr. Subin Kurian

The committee is responsible for approval of share transfers and transmissions, approval of requests for dematerialization/ rematerialization of shares and other related activities.