INSUBCONTINENT EXCLUSIVE:
to quit in less than a month, leaving it with only two members.
The board of a publicly-listed company requires a minimum of three members,
according to capital market norms
faces two regulatory probes while its lenders look for investors to save the airline
To be sure, a new board will be formed if Jet finds investors.
Etihad owns 24 per cent of Jet and is entitled to two board seats
Kevin Knight, its other representative, resigned on March 25, along with founder Naresh Goyal and his wife Anita Goyal
Jet announced the resignation of whole-time director Gaurang Shetty on May 9
The board now has former bureaucrat Ashok Chawla and banking veteran Sharad Sharma.
On May 14, CEO Vinay Dube, CFO Amit Agarwal, Chief
People Officer Rahul Taneja and Company Secretary Kuldeep Sharma, resigned from the company.
Subsequently, Raj Sivakumar, senior vice
Indian directors had resigned, and with the resignation of key management personnel, Robin Kamark, being a foreigner, did not feel
The Serious Fraud Investigation Office (SFIO) of the corporate affairs ministry is looking into alleged irregular transactions by
Advaya Legal, a Mumbai-based law firm
served as executive vice president and CCO of Storebrand ASA, a Nordic financial services group
He spent 17 years at Scandinavian Airlines System, holding positions such as global head of sales and marketing
CCO.
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