Independent directors’ exits are up 14.5%
In FY23, the number of independent directors leaving company boards grew by 14.5%. According to a report in The Financial Express, 881 IDs left their jobs in India during the previous fiscal year. Due to corporate fraud and accounting irregularities, independent directors are under heightened scruti
Virendra G. Bhatt resigns from the board of Compuage Infocom Ltd
Virendra G. Bhatt will step down from his role as Non-Executive Independent Director of Compuage Infocom Ltd. He has submitted his resignation effective from May 2, 2023.
K Narasimha Murthy appointed Independent Director by Raymond
Narasimha Murthy has been appointed as an Independent Director for five years by Raymond Limited. The appointment was announced through an exchange filing and is effective from April 21. With a distinguished academic record, Murthy has been associated with more than 175 companies, covering more than
R.P.P. Infra’s Independent Director Rangasamy has resigned
R.P.P. Infra Projects Limited has reported that RangasamyKulanthasamy, an Independent Director, has resigned from his position on April 21, 2023, citing health reasons as the cause of his limited mobility. He is a qualified member of the Indian Institute of Bankers and holds a Master’s degree
Kumar Mangalam Birla joins VI board, steps down from Aditya Birla Sun Life AMC
Vodafone Idea (Vi), has announced the appointment of Kumar Mangalam Birla, Chief of Aditya Birla Group, as a non-executive director on its board. Birla returns to the board after 2 years. He had resigned from the position in August 2021 when Vi was experiencing financial difficulties. Aditya Birla G
Vijay Kumar Padmanabhan, MD & CEO of Subex, retires early
Vinod Kumar Padmanabhan, the Managing Director and CEO of Subex, has requested early retirement and will continue in his current role until May 1, 2023. The Board of Directors has approved his request, and he will remain a non-executive, non-independent director on the company’s board until Ju
Companies still falling short of meeting governance standards
Although the top 100 listed entities are performing relatively well in terms of meeting corporate governance standards, they still fall behind in certain areas. According to the third edition of Excellence Enablers’ Corporate Governance Study, 40 firms have only supplied an email address for w
Aman Kumar Singh has stepped down from NDTV board
Aman Kumar Singh, the head of corporate affairs and corporate brand custodian for the Adani Group, has resigned from his position on the board of NDTV Ltd due to other commitments. Singh, a former Indian Revenue Service Officer, was a prominent bureaucrat in the Raman Singh-led BJP government in Chh
IL&FS’s Chairman’s term extended
The Ministry of Corporate Affairs (MCA) has extended the term of C S Rajan as non-executive chairman of IL&FS up to September 30, 2023. Besides, the ministry has also extended the term of Nand Kishore as managing director of IL&FS up to March 31, 2024.
Dredging Corp appoints T K Ramchandran as Non-Executive Director
Dredging Corporation of India has appointed T K Ramchandran as Non-Executive Director with effect from 1st April, 2023. He belongs to 1991 batch of IAS. He has served the government of Tamilnadu in various capacities including Principal Secretary (IT). He holds an M. Tech. in computer science from I
