The board of InterGlobe Aviation on Saturday said it will seek shareholders’ approval at the next annual general meeting to expand the board to induct an independent woman director.
Sources said the board also decided to make necessary changes in the company’s Articles of Association (AoA) after getting the approval of shareholders.
A company statement said: “The board has decided to seek the approval of the shareholders at the upcoming annual general meeting for expanding the board to enable the induction of an independent woman director.”
The spat between promoters Rakesh Gangwal and Rahul Bhatia over alleged corporate governance lapses also came up during discussions, sources said. However, the statement was silent on that issue.
