Write short notes on the following: (i) Key Managerial Personnel (KMP)

According to section 2 (51) of the Companies Act, 2013, 'Key Managerial Personnel' in relation to a company means: the Chief Executive Officer or the managing director or the manager; the company secretary; the whole-time director; the Chief Financial Officer; such other officer, not more than one level below the directors who is in whole-time employment, designated as key managerial personnel by the Board; and such other officer as may be prescribed.