Vivek Kulkarni, who resigned from the Board of the Bombay Stock Exchange (BSE) about a month-and-a-half ago, cited a lack of corporate governance at the bourse as his reason for doing so.
"I resigned from the board following differences of opinion. I wanted my objections on some issues to be minuted, but this was not done. As I felt that there was a lack of corporate governance in its functioning, I tendered my resignation," Kulkarni, who was shareholder-director on the BSE's board, told PTI here.
A source close to the development confirmed Kulkarni's resignation, but declined to comment on the reason.
Kulkarni, an ex-IAS officer who joined the BSE Board in 2006, said he had objected to a board proposal to acquire a mutual funds registrar, Computer Age Management Services, for Rs 1,400 crore.