An independent director at InterGlobe Aviation, which is grappling with promoters’ feud, has called for confidence-building measures to address tremendous trust deficit that has built up in the board.
In an email to Chairman M Damodaran, non-executive independent director Anupam Khanna said that a new governance issue appears to be emerging with the approach laid out by Damodaran, especially relating to holding various meetings after the Annual General Meeting (AGM).
The communication comes against the backdrop of Damodaran’s response to a letter by co-promoter Rakesh Gangwal to the board wherein the latter has said there are “serious unresolved issues” and opposed expanding the board to have 10 members.
