Indian billionaire, Mukesh Ambani is leading all the headlines for his magnanimous success in the business world. Just like him, his kids, Isha Ambani, Akash Ambani and Anant Ambani have also made a name for themselves and proved their intelligence and management with their actions. While Mukesh Ambani's wife, Nita Ambani, played a major role in their kids' upbringing, she never let success and power get on their heads.
On August 28, 2023, Reliance Industries Limited shared a post on their official IG handle and gave a major update about the company. Sharing a media release, they revealed that the RIL Board has recommended the appointment of Isha Ambani, Akash Ambani and Anant Ambani to the Board of Directors. The message can be read as:
"The Board of Directors of RIL, at its meeting held today, on the recommendation of the Human Resources, Nomination and Remuneration Committee, considered and recommended to the shareholders for approval of the appointment of Isha Ambani, Akash Ambani and Anant Ambani as Non-Executive Directors of the Company. Their appointment will take effect from the date they assume office after approval by the shareholders."
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Moreover, the press release also revealed that Nita Ambani has decided to step down from the Board as she wishes to continue as Chairperson of the Reliance Foundation. The entrepreneur was appreciated for her decision as it was for the benefit of the society at large. The note further reads:
"The Board of Directors also accepted the resignation of Nita Ambani from the Board respecting her decision to devote her energies and time to guide and enable Reliance Foundation to make even greater impact for India. The Board of Directors appreciated Nita Ambani for her leadership of Reliance Foundation as its Founder Chairperson. Over the years, RF has made considerable progress in its mission of nurturing and empowering marginalised and under-resourced communities in India. They lauded Nita Ambani's request to focus even more on strengthening Reliance Foundation."
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Moreover, as the Chairperson of Reliance Foundation, Nita Ambani will continue to attend all the RIL Board meetings as a permanent invitee to the Board so that the company can continue to benefit from her advice. Further, the media release highlighted Isha Ambani, Akash Ambani and Anant Ambani's contributions to the RIL and added:
"Isha Ambani, Akash Ambani and Anant Ambani have been closely involved with and are leading and managing key businesses of RIL over the last few years including retail, digital services and energy and materials businesses. They also serve on the boards of the key subsidiaries of RIL. Their appointment to the Board of RIL will enable RIL to gain from their insights and infuse new ideas, the Board opined."
What are your thoughts about Nita Ambani stepping down from the Board of Directors at Reliance Limited?
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