Company: WIT
Filing Date: 2025-05-22
Form Type: 20-F
Source: 0000950170-25-076303
Chunk: 108

Company: WIPRO LTD
Filing Date: 2025-05-22
Form: 20-F
Item: Item 6
Chunk 108
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 review of the progress of internal control mechanisms to prepare for certification under Section 404 of the Sarbanes-Oxley Act; 
•Review of utilization of loans and advances from, and investment by, the Company in its subsidiaries; 
•Evaluation of internal financial controls, and monitoring and reviewing of the risk management plan and such other functions as the Board of Directors may deem fit; 
•Formulation and implementation of the risk management policy, including evaluating the adequacy of risk management and internal control systems;
•Approval of appointment of Chief Financial Officer of the Company after assessing the qualifications, experience and background, including remuneration and terms of appointment of the candidate; and
•Evaluation of risks related to cybersecurity and significant risk exposures of the Company and assessment of steps taken by management to mitigate the exposures in a timely manner (including business continuity and disaster recovery planning).
All members of our Audit, Risk and Compliance Committee are independent non-executive directors who are financially literate. The Chairman of our Audit, Risk and Compliance Committee has accounting and related financial management expertise.
Independent auditors as well as internal auditors have independent meetings with the Audit, Risk and Compliance Committee and also participate in the Audit, Risk and Compliance Committee meetings.
Our Chief Financial Officer and other corporate officers make periodic presentations to the Audit, Risk and Compliance Committee on various issues.
The Audit, Risk and Compliance Committee is comprised of the following three non-executive directors:
Mr. Deepak M. Satwalekar – Chairman
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Ms. Tulsi Naidu and Mr. N. S. Kannan – Members
During the year ended March 31, 2025, our Audit, Risk and Compliance Committee held five meetings. The charter of the Audit, Risk and Compliance Committee is available under the investor relations section on our website at www.wipro.com.
Nomination and Remuneration Committee
The Nomination and Remuneration Committee reviews, acts on and reports to our Board of Directors with respect to various nomination and remuneration matters. This committee also acts as the Corporate Social Responsibility Committee.
The roles and responsibilities of the committee include:
•Determining the composition of the Board of Directors and the Committees of the Board;
•Identifying persons who are qualified to become directors, key managerial personnel and who may be appointed in senior management in accordance with the criteria laid down and recommend to the Board their appointment and removal;
•Formulating the criteria for determining qualifications, positive attributes, and independence of a director;
•Developing, periodically reviewing, and recommending to