Suzlon Energy Engages Khaitan & Co to Review Corporate Governance

By siliconindia  |  Friday, 14 June 2024, 10:06:35 AM IST

Suzlon Energy Engages Khaitan & Co to Review Corporate Governance
Suzlon Energy has taken steps to enhance its corporate governance by appointing Khaitan & Company to conduct a comprehensive review, as disclosed to stock exchanges on June 13. This decision follows the resignation of Marc Desaedeleer, an independent director, on June 8, who cited concerns regarding compliance and transparency within the company.
Gautam Doshi, Chairman of Suzlon's Audit Committee, will oversee the assessment of corporate governance practices, aiming to address any identified gaps and reinforce existing standards. Suzlon emphasized its commitment to maintaining the highest levels of corporate governance and transparency throughout this process. The company indicated its readiness to appoint additional advisors as needed to support the review.
In response to Desaedeleer's departure, Suzlon clarified that it refuted his concerns over compliance and transparency issues. Desaedeleer had previously communicated his concerns to Chairman Vinod Tanti and the board, expressing hope that his observations would contribute constructively to the company's governance improvements.
This strategic move by Suzlon reflects its proactive approach to governance enhancement amidst evolving regulatory and stakeholder expectations. The review by Khaitan & Co underscores Suzlon's dedication to reinforcing its governance frameworks and maintaining stakeholder confidence.
Suzlon Energy continues to navigate its governance landscape with a focus on transparency, accountability, and operational integrity as it strives to uphold industry standards and investor expectations.

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