Discuss the duties of the nomination and remuneration committee.

Duties of the Nomination and Remuneration Committee The duties have been prescribed in Section 178 of the Companies Act, 2013 and Regulation 19 of SEBI LODR Regulations, 2015. The duties of the Nomination and Remuneration Committee include: Formulation of the criteria for determining qualifications, positive attributes and independence of a director and recommend to the Board a policy, relating to the remuneration of the directors, key managerial personnel and other employees; Formulation of criteria for evaluation of Independent Directors and the Board; Devise a policy on Board diversity; Identify persons who are qualified to become directors and who may be appointed in senior management in accordance with the criteria laid down, and recommend to the Board their appointment and removal. The company shall disclose the remuneration policy and the evaluation criteria in its Annual Report.