THE WHAT? The Chair of Reliance Industries, Mukesh Ambani has nominated his three kids to the Board, whereas his spouse, Nita, is ready to give up her seat.
THE DETAILS The Monetary Occasions stories that Isha, Akash and Anant will tackle the position topic to shareholder approval. Mukesh has pledged to spend the subsequent 5 years mentoring his kids to form them into ‘next-gen leaders’.
THE WHY? Nita will focus her efforts on her philanthropic work by way of Reliance Basis whereas Ambani’s appointment of all his kids is geared toward avoiding a repeat of the occasions that adopted his father’s loss of life with Mukesh and brother Anil battling to take the helm.
