Business Daily from THE HINDU group of publications
Tuesday, Aug 19, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Tuesday, Aug 19, 2008 ePaper | Mobile/PDA Version | Audio |
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Corporate
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People Gopal Srinivasan, T.K. Balaji resign from TVS Motor board Our Bureau Chennai, Aug. 18 TVS Motor Company on Monday announced that two of its directors from the promoter family, Mr Gopal Srinivasan and Mr T.K. Balaji, had resigned. They are, respectively, brother and brother-in-law of TVS Motor Company Chairman and Managing Director, Mr Venu Srinivasan. Mr Gopal Srinivasan told Business Line on Monday that the decision was taken because the current thinking in the TVS family is that the members of the family would hold board positions only in the holding company and not in the operating companies. “It is good from a governance angle,” Mr Gopal Srinivasan said. He noted that some members of the TVS family had to attend around 40 board meetings of TVS companies each year, apart from any meetings of non-TVS companies in which they might happen to be a director. He said he had also resigned as a whole-time director from Sundaram-Clayton and TVS Electronics Ltd. More Stories on : People | Two/Three Wheelers
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