Zicom - Remuneration Committee




	Terms of Reference

	Remuneration Committee comprises of three Independent Directors of the Company. Presently the Committee consists of the following Members:

	Composition

	The Remuneration Committee consists of the following Members: Mr. Mukul Desai - Chairman Mr. Vijay G. Kalantri Mr. Achyut Godbole The terms of reference of Remuneration Committee includes the roles, powers and duties as vested under Schedule XIII to the Companies Act, 1956, and Clause 49 of the Listing Agreement with Stock Exchanges. It mainly includes decision for remuneration payable to managerial personnel from time to time, deciding remuneration policy of the Company, etc. The Committee did not meet during the financial year 2007 – 2008.

	Remuneration Policy

	Remuneration of employees largely consists of basic remuneration, perquisites, bonus & performance incentives. The components of the total remuneration vary for different grades and are governed by industry pattern, qualifications and experience of the employee, responsibilities handled, individual performance, etc. The main objective of the remuneration policy is to motivate employees and to promote excellence in their performance, recognize merits and achievements, retain talent in the Company and finally, to promote the feeling of belongingness.