New Delhi, Jul 22 () Amid promoters feuding over governance issues, InterGlobe Aviation has decided to have up to 10 members on its board, including four independent directors.
The decision, taken during the company’s board meeting on July 20, comes against the backdrop of a feud between co-promoters — Rakesh Gangwal and Rahul Bhatia — over corporate governance issues.
InterGlobe Aviation, the parent of the country’s largest airline IndiGo, at present has six members, including two independent directors.
The board of directors have decided to amend the Articles of Association (AoA) for expanding the board by up to a maximum of 10 members, including four independent directors, a regulatory filing said.
