The Directors recognize the importance of sound corporate governance and intend that, following Admission, the Company (having regard to the size, board structure, stage of development and nature of the Group) will comply, so far as it considers practicable and appropriate, taking into account the requirements of the Corporate Governance Guidelines of the Quoted Companies Alliance for AIM Companies.
The Directors will hold regular board meetings at which operating and financial reports will be considered. The Board is responsible for formulating, reviewing and approving the Groups strategy, budgets and major items of capital expenditure.
The Board consists of 4 directors, the biographical details of whom are given below:
Ronnie Screwvala, Founder CEO of the UTV Company, is a well know media entrepreneur. Over the years, Ronnie has emerged as the 'thought leader in Indian Media Industry'. Under his able leadership, the company has excelled in the field of film production, New Media, Television and Animation and attracted global studios like Fox, Walt Disney and Sony to partner with the Group in equity/ business relationships. In 1992 when Satellite TV made its debut in Asia, he was a pioneered entertainment content creation for the small screen. As a movie producer, Ronnie has adopted a modern, corporate and ‘studio approach’ to the business of moviemaking.
Andrew James Carnegie, Non-Executive Director, aged 44:
Andrew started his career at S.G.Warburg & Co. Ltd where he worked in corporate finance. He then joined BSkyB where he was Head of Business Development, transferring later to News Corp where he worked on the company's overseas expansion in television. He was involved in transactions worth over US$1 billion in aggregate, in India and SE Asia, including: the acquisition of 49 per cent. of UTV Communications Software Ltd, the acquisition of STAR TV (Hong Kong); and the acquisition of 50 per cent. of Asia Today (Zee TV). Andrew was then Country Head and General Manager of STAR TV India, during which time STAR TV launched a significant number of channels and commenced local production. Andrew is currently CEO of India Media Partners Ltd, a media advisory firm.
Charles Peter Arthur Vanderpump, Non-Executive Director, aged 58:
Peter is a chartered accountant and a former partner in Deloitte Isle of Man and director of Walbrook Trustees, previously owned by Deloitte. He has wide financial experience gained through dealing with a range of, principally, financial sector clients. He retired from full-time professional work in July 2004 following the earlier management buyout of Walbrook rustees and now acts as a director of a small number of Isle of Man based public and private companies.
Siddharth Roy Kapur, Director, aged 33:
Siddharth is a management graduate with extensive experience of working in the media industry in India and overseas. He started his career with fast moving consumer goods major Proctor & Gamble and subsequently moved to the Star Network (television network of Newscorp group in south east Asia). At Star he worked at various locations such as India, Middle East and Hong Kong responsible for advertising, marketing, PR and corporate communications functions. He has been with UTV India since 2005. Before taking over as the COO of the UTV - IOM company, he spearheaded various successful marketing campaigns of the UTV Group in India and in International markets and has been instrumental in various marketing and distribution functions of the group including Movies and Broadcasting (Hungama TV).
The Directors have established an audit committee and a remuneration committee with formally delegated rules and responsibilities. Each of these committees meet as and when appropriate save in the case of the audit committee meets at least twice each year. Details to these committees are provided in the link below:
