NEW DELHI: Reliance Industries Ltd has sought the shareholders’ nod for the appointment of Mukesh Ambani’s three children to the corporate’s board.
According to a resolution by RIL, Akash and Isha (each 31) and Anant (28) will obtain compensation solely within the type of charges for attending board and committee conferences, PTI reported.
Mukesh Ambani (66) himself has not drawn a wage from the corporate for the reason that 2020-21 fiscal 12 months.
In distinction, different govt administrators, together with his cousins Nikhil and Hital, obtain a mix of wage, perquisites, allowances and commissions.
The compensation construction for Ambani’s children mirrors that of his spouse, Nita, who joined the corporate’s board in 2014.
Nita earned a sitting fee of Rs 6 lakh and a fee of Rs 2 crore through the 2022-23 fiscal 12 months, as reported within the firm’s newest annual report.
In a latest announcement through the firm’s annual shareholders assembly, Mukesh Ambani confirmed the induction of his three children into the Reliance board of administrators (BoD).
He additionally reiterated his dedication to stay as the corporate’s chairman and CEO for one other 5 years, with a major give attention to mentoring and empowering the subsequent technology of leaders.
Reliance has initiated a postal poll to hunt shareholders’ approval for the appointment of Akash, Isha, and Anant as board administrators.
According to the discover despatched to shareholders, their remuneration will embrace charges for attending board and committee conferences, expense reimbursements for participation in conferences, and profit-related commissions.
Mukesh Ambani initially launched the succession plan for the conglomerate in 2022, with every of his three children taking cost of varied divisions throughout the firm.
Akash will lead the telecom division, Isha will oversee retail, and Anant will handle the brand new vitality companies.
However, the succession plan for the core oil-to-chemicals (O2C) division stays undisclosed.
(With inputs from PTI)
According to a resolution by RIL, Akash and Isha (each 31) and Anant (28) will obtain compensation solely within the type of charges for attending board and committee conferences, PTI reported.
Mukesh Ambani (66) himself has not drawn a wage from the corporate for the reason that 2020-21 fiscal 12 months.
In distinction, different govt administrators, together with his cousins Nikhil and Hital, obtain a mix of wage, perquisites, allowances and commissions.
The compensation construction for Ambani’s children mirrors that of his spouse, Nita, who joined the corporate’s board in 2014.
Nita earned a sitting fee of Rs 6 lakh and a fee of Rs 2 crore through the 2022-23 fiscal 12 months, as reported within the firm’s newest annual report.
In a latest announcement through the firm’s annual shareholders assembly, Mukesh Ambani confirmed the induction of his three children into the Reliance board of administrators (BoD).
He additionally reiterated his dedication to stay as the corporate’s chairman and CEO for one other 5 years, with a major give attention to mentoring and empowering the subsequent technology of leaders.
Reliance has initiated a postal poll to hunt shareholders’ approval for the appointment of Akash, Isha, and Anant as board administrators.
According to the discover despatched to shareholders, their remuneration will embrace charges for attending board and committee conferences, expense reimbursements for participation in conferences, and profit-related commissions.
Mukesh Ambani initially launched the succession plan for the conglomerate in 2022, with every of his three children taking cost of varied divisions throughout the firm.
Akash will lead the telecom division, Isha will oversee retail, and Anant will handle the brand new vitality companies.
However, the succession plan for the core oil-to-chemicals (O2C) division stays undisclosed.
(With inputs from PTI)
