Ambani Family's Children Get Fees For Board Meetings, Not Salary, Know Details
Mukesh Ambani Family Updates : All three children of Mukesh Ambani, the head of India's giant company Reliance Industries Limited, have got places in different branches of Reliance Industries Limited and necessary formalities are being completed to include them in the Board of Directors of RIL. The resolution of Reliance Industries Limited says that Mukesh Ambani's children get fees for attending board meetings, but they do not get any salary for this. Reliance Industries Limited has sought approval from shareholders to include Mukesh Ambani's three children on the company's board.
According to a resolution issued in this regard, Anant Ambani along with Akash and Isha get a fee for attending board and committee meetings. RIL chief Mukesh Ambani has also not taken any salary from the company since the year 2020-21.
Interesting fact is that other executive directors earn a good amount of money in the form of salary, allowances, facilities and commission for such work. Looking at the compensation structure of Mukesh Ambani's children, it appears that it could be similar to that of Mukesh Ambani and Nita Ambani.
Nita Ambani joined the board of the company in 2014. Nita Ambani charges a fee of Rs 6 lakh for attending board and committee meetings, whereas in the year 2022-23, she had earned a commission of Rs 2 crore.
This information has been received from the annual report of Reliance Industries Limited. An announcement made in the Annual Shareholder Meeting of Reliance Industries Limited shows that Mukesh Ambani has approved that his three children are being included in the Board of Directors of Reliance.
Reliance Industries chief Mukesh Ambani had said that he can remain on the post of Chairman and CEO of the company for the next 5 years. The purpose of Mukesh Ambani being the CEO is to mentor and instruct the next generation leaders. Reliance Industries has sought shareholder approval through postal ballot to include Akash, Isha and Anant Ambani in the board of directors.
Superfast News Coverage By YuvaPatrkaar.com Team
Publish Date : September 27, 2023
Posted By Ravi Kumar