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Manba Finance Appoints New Independent Director and Restructures Committees
Team Finance Saathi
17/Dec/2024
What's Covered Under the Article:
- Manba Finance appoints Mr. Nallepilly Ramaswami Parameswaran as an Independent Director effective December 17, 2024.
- The company approves the reconstitution of the Audit and Risk Management Committees for enhanced governance.
- The Board meeting concluded with approvals on key corporate governance changes.
Manba Finance Limited, a prominent financial services company, held a Board of Directors meeting on December 17, 2024, where several significant corporate governance decisions were made. The meeting was conducted via video conferencing, with the board members reviewing and approving key changes aimed at strengthening the company’s management structure.
Appointment of Independent Director
The most notable decision was the appointment of Mr. Nallepilly Ramaswami Parameswaran as an Additional Independent Director of the company, effective December 17, 2024. This appointment, subject to shareholder approval, reflects the company’s commitment to enhancing its leadership with experienced professionals. The addition of Mr. Parameswaran, who brings valuable expertise and insights, is expected to contribute positively to Manba Finance’s governance and strategic direction.
Reconstitution of Committees
In addition to the director appointment, the Board of Directors approved the reconstitution of key committees that play crucial roles in corporate governance, namely the Audit Committee and the Risk Management Committee. These changes are aimed at ensuring better oversight, transparency, and risk mitigation as Manba Finance continues to grow and diversify its financial services.
Meeting Conclusion
The meeting began at 11:30 A.M. and concluded at 11:45 A.M., where the board finalized these important resolutions, which will help streamline operations and fortify the company’s governance framework moving forward.
These decisions come at a critical time as Manba Finance works to strengthen its position in the market and ensure that its management structure aligns with the best practices in corporate governance.
As part of its ongoing commitment to transparency and accountability, Manba Finance will continue to update shareholders and the public on key developments that impact the company and its operations.
For more details about Manba Finance and its latest updates, you can visit the company’s website or reach out to the team via their official contact information.