Kothari and Mullick as Emaar's independent Directors
Kothari and Mullick as Emaar's independent Directors
With the view of improving the leadership and governance in the organisation, Emaar India, has appointed Snapdeal’s Chief Strategy and Investment Officer Jason Kothari as independent director. It has also roped in Khaitan & Co partner Sudip Mullick as independent director on the board.
 
Dubai-based Emaar Properties, which entered the Indian real estate market in 2005 in partnership with India's MGF Development, had in April last year decided to end the joint venture through demerger. Emaar had invested Rs 8,500 crore through this JV firm Emaar MGF Land.
 
"We at Emaar India, under the leadership of Emaar Dubai, believe that good corporate governance is essential for an organisation and leads to value creation for all its stakeholders," a company spokesperson said. "In order to meet such objective, the company has recently (in May 2017) appointed two new independent directors on the board," the spokesperson said.
 
Whereas Kothari will be working with the co-founders helping the company towards a turnover, Mullick will be assisting in construction contracts and disputes. "We believe that the company will immensely benefit from the expertise and knowledge of Mullick, including in respect of the recently enacted RERA," the spokesperson said. 
 
The company currently has 11 directors on the board, including 4 independent directors and 5 Emaar nominees.
 
 

 

 

 
Stay on top – Get the daily news from Indian Retailer in your inbox
Also Worth Reading