BJP Leaders Including Shazia Ilmi & Others Named As Independent Directors In Top PSUs


The appointments cleared by the NDA’s Appointments Committee of the Cabinet include those of at least 10 politicians affiliated with the ruling BJP as independent directors on the boards of top public sector companies. These include party’s Delhi unit vice president Shazia Ilmi; minority face of the BJP in Gujarat Asifa Khan, Gujarat IT cell convenor Rajika Kacheria among others. They find themselves on the boards of Navaratna PSUs that include Engineers India Ltd (EIL), Hindustan Petroleum Corporation Ltd (HPCL), Bharat Heavy Electricals Ltd (BHEL) and the National Aluminium Company Ltd (NALCO). Ilmi has been appointed as an independent director in Engineers India Ltd (EIL), while Asifa Khan will serve on the board of HPCL. In 2014, the Securities and Exchange Board of India (Sebi) had made amendments to Clause 49 of the listing agreement for all companies, stipulating that a board should have at least 50 per cent of directors as non-executive or independent directors with at least one woman director. Read More: http://indianexpress.com/article/india/bjp-leaders-named-as-independent-directors-in-top-psus-acc-4493473/


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