IPO-Bound LIC Appoints 6 Independent Directors On Board
NDTV
LIC last month appointed six independent directors on its board to meet regulatory norms of corporate governance
Ahead of its initial public offering (IPO), Life Insurance Corporation (LIC) last month appointed six independent directors on its board to meet regulatory norms of corporate governance.
LIC appointed former financial services secretary Anjuly Chib Duggal, ex- Securities Exchange Board of India (SEBI) member G Mahalingam and former SBI Life managing director Sanjeev Nautiyal, sources said.
Besides, chartered accountant MP Vijay Kumar, Raj Kamal, and V S Parthasarathy have also been roped in as independent directors on LIC's board.
With these appointments, the total number of independent directors goes up to nine and all vacancies are filled.
