Byju’s formed ‘Board Advisory Committee’ to offer advice and guidance to company’s board
Byju’s has set up a Board Advisory Committee (BAC) to guide and advise the beleaguered edtech major on the composition of its board and governance structure as well as on critical matters that play a pivotal role in shaping the company’s future. Byju’s has been facing a turbulent time in the recent past with three of its independent directors resigning. Its auditor had also quit and the company is yet to file its financial numbers for the last two years.
The Company has also announced the appointment of Rajnish Kumar, a former chairman of SBI, and TV Mohandas Pai, the former CFO and Board Member of Infosys, as members of the company’s newly established advisory council.
TV Mohandas Pai said as part of the advisory council, I look forward to advising the leadership in evolving the systems of governance and financial reporting, as well as growing an organisational structure that can serve as a resilient foundation for the future of the company.
The appointment of these two leaders in finance and governance to the advisory council will enhance its financial governance mechanisms and leverage expert advice to drive sustainable growth and strategic decision-making.
