InterGlobe Aviation, the dad or mum firm of IndiGo airline, on Saturday stated its board has authorised the appointment of former SEBI Chairman M Damodaran as non-independent non-executive director.
In his earlier stint on the airline, Damodaran was an unbiased director and chairman of board of administrators at InterGlobe Aviation from January 24, 2019 to Might 3, 2022.
The Board of Administrators of InterGlobe Aviation has authorised the appointment of Damodaran as Non-Unbiased Non-Government Director, topic to shareholders’ approval, an organization assertion stated.
M. Damodaran, IAS (Retd.), presently a Governance Advisor, Advisor, Mentor and Coach, has labored with the Union and the State Governments of India, regulatory our bodies, funding establishments, banks, growth monetary establishments and with the personal sector. He was Chairman of Securities and Alternate Board of India (SEBI) from February 2005 to February 2008. He has led the extremely profitable and transformational restructuring efforts in Unit Belief of India (UTI) and Industrial Improvement Financial institution of India (IDBI). Throughout his tenure at SEBI, he was elected Chairman of the Rising Markets Committee (EMC) of the Worldwide Organisation of Securities Fee (IOSCO).
He has chaired excessive powered committees of the Authorities of India, Reserve Financial institution of India (RBI) and a few Chambers of Commerce. He has received a number of awards for governance, management and transformation. He presently sits on the Boards of a few of India’s largest firms and on the Advisory Boards of some international entities. He was the Founder Chairman of Indian Institute of Administration (IIM), Tiruchirappalli. He’s broadly acknowledged as one among India’s foremost champions of Company Governance and is obsessed with enhancing Board efficiency. Mr. M. Damodaran is a retired IAS officer who graduated with distinction in Economics and in Regulation from the Universities of Madras and Delhi respectively. He’s on the Boards of Biocon Restricted, Larsen and Toubro Restricted, Bajaj Allianz Basic Insurance coverage Firm Restricted and Bajaj Allianz Life Insurance coverage Firm Restricted.
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