Nita Ambani became First woman director on Reliance board
Nita Ambani, wife of Reliance Industries Chairman Mukesh Ambani, became the first woman to be appointed on the board of the country’s largest private company Reliance Industries Limited (RIL).
The appointment of Nita Ambani on the board of Reliance Industries Limited (RIL) fulfills the requirement of a new law according to which listed companies are required to have at least one woman in the boardroom to promote gender diversity.
The RIL board, headed by Mukesh Ambani, 57, currently has his cousins Nikhil R Meswani and Hital R Meswani. Ramniklal H Ambani, who is the elder brother of Dhirubhai H Ambani, the late Founder Chairman of the company and father of Mukesh, was the other director from the promoter family. Nita, 50, took the place of Mukesh’s uncle Ramniklal H Ambani, who retired from the board at the age of 90. P M S Prasad and P K Kapil are the only non-family executive directors on the company board.
Month: Current Affairs - June, 2014