Key Points
At the Reliance Industries Ltd (RIL) annual general meeting in August, Chairman Mukesh Ambani said his three children daughter Isha and sons Akash and Anant would be inducted on the board as non-executive directors, while he would continue as chairman and managing director for another five years...
Reliance told the proxy companies that Anant has the relevant experience and maturity to add value to the board deliberations given his participation in the conglomerates businesses and the grooming he has received from senior leadership over the years, Bloomberg reported..
Experts say that even with the Great Board Refresh of 2024 when 1,551 independent directors in 825 NSE-listed companies complete a 10-year tenure by April 1 Indian boards are unlikely to get much younger anytime soon..
Despite the imminent board refresh, it is unlikely that many companies will actively scout for younger directors, Pranav Haldea, managing director of Prime Database Group, told ET recently..
Bringing on young independent directors adds dynamism and new-age thinking to corporate boards..
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