Radhika Piramal, VIP's London-based vice-chairperson and daughter of chairman Dilip Piramal, appear reluctant to continue running the business and may look to sell stake in the firm
Godrej Consumer's executive chairperson Nisaba Godrej has resigned as an independent director from the board of luggage and travel accessories maker VIP Industries, citing differences over leadership accountability and succession planning. The resignation of Godrej group scion as an independent director came on June 3, VIP Industries said in a stock exchange filing on Tuesday. Godrej in her resignation letter said: "Due to my differing view on leadership accountability and succession planning, I will be resigning from the Board effective June 3rd, 2024." The board of VIP Industries is led by Dilip Piramal as Chairman of the Rs 2,250-crore company. Nisaba Godrej was reappointed to the board of VIP Industries in April 2021 as an independent director and her term was ending on March 31, 2026. She attended all five meetings held in FY23 and has voluntarily waived off receipt of sitting fees for any meetings attended by her, said the annual report of the company. In her resignation le
Godrej Consumer Products chairperson Nisaba Godrej on Tuesday pitched for India Inc to be an "isles of inclusion" by having more representative workforces. Speaking at a special event organized by the Godrej Group in the run-up to International Women's Day, Godrej said there is also a need for making workforces more gender-balanced. "You know there is whole thing on religion, caste and there is so much going on in India but we should be more representative of the country," she said. Corporate India should also be talking more on parenting, caregiving and taking care of the elderly people, she said, adding that if need be, share the same with the government as well. Godrej also said that there are challenges on the employment front and the government needs to do more on this. "I think we have a jobs issue which the government needs to sort out," she said, voicing worries on the decline in labour force participation among women. Stressing on the need to disaggregate the data by sta
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