IndiGo crisis: My independence never questioned before, says M Damodaran

The independence of the board doesn't depend on numbers, says M Damodaran

M Damodaran, who sits on the board of several blue-chip companies and is chairman of IndiGo, tells Arindam Majumder & Nivedita Mookerji in an interview that the airline co-promoter Rakesh Gangwal’s allegations were unfounded and that the highest standards of corporate governance were followed. Gangwal had questioned the independence of Damodaran, former chairman of the Securities and Exchange Board of India (Sebi), during the bitter public fight with the other promoter Rahul Bhatia. Edited excerpts:  

Was this fight about fixing corporate governance or seeking more control?

Where is the corporate governance issue? Mr Gangwal has been saying that there are a bunch