Byju’s which has come under the scanner for severe corporate governance lapses is planning to set up a board advisory committee (BAC) which will be tasked with advising the CEO on matters pertaining to the company’s governance structure and composition of the board, sources said. “The BAC will serve as a working group consisting of independent directors with credible backgrounds and relevant experience from diverse corporate fields,” the startup’s founder and CEO Byju Raveendran told shareholders at the firm’s EGM (extraordinary general meeting) held earlier this week.
Amid crisis, Byju’s to set up committee to advise CEO on governance
Byju’s which has come under the scanner for severe corporate governance lapses is planning to set up a board advisory committee (BAC) which will be tasked with advising the CEO on matters pertaining to the company’s governance structure and composition of the board, sources said. “The BAC will serve as a working group consisting of independent directors with credible backgrounds and relevant experience from diverse corporate fields,” the startup’s founder and CEO Byju Raveendran told shareholders at the firm’s EGM (extraordinary general meeting) held earlier this week.