The Board

The Directors of OPG Power Ventures Plc adopted the Quoted Alliance’s Corporate Governance Code (the QCA Code).

The Board meets at least four times a year. Board papers include matters relating to strategy including both new and expansionary capital items, operating budgets and monthly management accounts. Non-Executive Directors have access to all information and, if required by them, external advice at the expense of the Group.

The Board presently comprises:

Executive

  1. Arvind Gupta (Executive Chairman)
  2. Mr Dmitri Tsvetkov ( Chief Financial Officer)
  3. Ms Avantika Gupta (Chief Operating Officer)

Non-executive

  1. Mr.Jeremy Warner Allen (Non-Executive Deputy Chairman)
  2. N Kumar

Ms Avantika Gupta is OPG’s Chief Operating Officer . She is responsible for the day-to-day running of the operations of the Company whilst Mr Arvind Gupta retains responsibility for the overall business, matters related to strategic direction and for running the Board. 

In the Board’s view, this composition ensures an appropriately clear division of responsibilities between the running of the Board and the executive responsibility for the running of the Company’s business. 

Audit Committee

The Audit Committee is primarily responsible for ensuring that the financial performance of the Group is properly monitored and reported. It scrutinises the half year and full year financial announcements before their approval by the Board. 

The Audit Committee currently consists of  Mr. Jeremy Warner Allen , Mr. N Kumar  . The CEO and  Chief Financial Officer attend meetings by invitation.

Remuneration Committee

The Remuneration Committee is primarily responsible for reviewing the performance of the Group's Executive Directors and senior management, and setting their remuneration and other terms of employment. The Remuneration Committee is also responsible for the creation and administration of share option schemes.

The Remuneration Committee currently consists of   Mr. N Kumar and  Mr. Jeremy Warner Allen. 

 

Nomination Committee

The members of the Nomination Committee are Arvind Gupta and N Kumar. The primary duty of the Nomination Committee is to lead the process for Board appointments and make recommendations to the Board.