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Proxy advisory firms differ on Anant Ambani's appointment on RIL's board

Proxy advisory firms differ on Anant Ambani's appointment on RIL's board
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Ambani's children will get no salary, only fee for attending board meetings

While Ambani, 66, drew nil salary from the company since the 2020-21 fiscal year, other executive directors including his cousins Nikhil and Hital are paid a salary, perquisites, allowances and commission.

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Mukesh Ambani's three children, Akash, Isha, Anant, to work without salary, to receive only fee to attend board meetings | Indiablooms

Mumbai: Mukesh Ambani's three children, appointed as directors of Reliance Industries Ltd, will receive compensation solely for attending board and committee meetings, according to a company resolution seeking shareholder approval.

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Ambani's children will get no salary, only fee for attending board meetings

The terms of the appointment of the three are the same as the ones on which Ambani s wife Nita was appointed to the company board in 2014. She earned a sitting fee of Rs 6 lakh and a commission of Rs 2 crore in the 2022-23 fiscal year (April 2022 to March 2023), according to the company s latest annual report.

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