Two months back, the group decided to dismantle its two-decade-old non-statutory Murugappa Corporate Advisory Board
Alagappan will assume larger responsibilities within the Group, said Sources.
Two months back, the group decided to dismantle its two-decade-old non-statutory Murugappa Corporate Advisory Board. Instead of the board, which was led by a family member and five outsiders, the group and individual companies
will now be led by senior family members.
The Board was formed in January 2000 as part of a ‘new millennium strategy’ and new corporate governance
structure. Senior members earlier said that instead of the advisory (the Murugappa Corporate Advisory Board), they will be playing a direct role in the companies
by mentoring youngsters and professionals in the companies.
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