Stakeholders' body raises concerns over wilful defaulter on Sanofi's board

Asks how a former RBI deputy governor sits with erstwhile brass of Kingfisher Airlines

Proxy firm Stakeholders' Empowerment Services (SES) has raised concerns over the board composition of Sanofi India, where two former Kingfisher Airlines executives -- A K Ravi Nedungadi and Subash Gupte -- are serving as independent directors along with former RBI deputy governor Usha Thorat.

"SES reiterates that there is no legal violation as far as board members are concerned. However, shareholders would be interested to know the boardroom chemistry between an ex-regulator, Dr Usha Thorat, and an ex-director of a company (A K Ravi Nedungadi) who was declared a willful defaulter," the firm said in a note ahead of the