View on Corporate Governance
It’s encouraging to note that 4 out of 7 directors are independent, which is a positive sign for corporate governance. The BOD’s diversification and experience contribute to a well-rounded perspective. Members of the board bring diverse expertise to the table which helps to take informed decisions. Direct connection in the board, between Dr. Adarsh Kancharla (Non-executive director) is son of Dr. Ramesh Kancharla (Chairman and Managing Director). While Dr. Adarsh lacks prior experience in business & management, his inclusion in the experienced BOD raises questions about the criteria for selection. We assume that Dr. Anil Dhawan, an independent director, having an indirect association with functional directors. This could impact their independence. Overall, the BOD appears promising, but the indirect association with functional directors warrants second thought. The Board of Directors are considered experienced but on the other hand the management is new to the company due to the recent change in CFO & Group COO, with Vikas Maheshwari taking over from R. Gowrishankar, & Sanjeev Sukumaran taking over from Dr. Rohit Manipal Bhojaraj is also noteworthy. Other than this the management have all of its policies right on point. Please put some light on it if somebody has better understanding into the governance.
Discl :- Above points are my observation I might be wrong. Not an investor, looking for opportunities.
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