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<keyword id="6358977" type="General" weightage="100" keywordseo="swiggy" source="Orion">Swiggy</keyword> on Monday announced it has appointed three independent directors to its Board - Mallika Srinivasan, Padma Shri awardee and Chairman and Managing Director of TAFE; <keyword id="121995" type="General" weightage="50" keywordseo="shailesh-haribhakti" source="Orion">Shailesh Haribhakti</keyword>, Chairman of Shailesh Haribhakti &amp; Associates; and <keyword id="2257501" type="General" weightage="50" keywordseo="sahil-barua" source="Orion">Sahil Barua</keyword>, Managing Director and CEO at Delhivery. They are the first independent directors on Swiggy's board and join current members: ASriharsha Majety - CEO and Co-founder of Swiggy; <keyword id="2792820" type="General" weightage="50" keywordseo="nandan-reddy" source="Orion">Nandan Reddy</keyword>, Co-founder of Swiggy; Larry Illg, CEO of Prosus Edtech and Food; Ashutosh Sharma, Head of Investments- India, Prosus Ventures; <keyword id="1841701" type="General" weightage="50" keywordseo="sumer-juneja" source="Orion">Sumer Juneja</keyword>, Managing Partner, India and EMEA, SoftBank Investment Advisors; and Anand Daniel, Partner at Accel. "Getting these new and powerful perspectives and strengthening our governance will immensely benefit us as we march ahead in our mission to bring unparalleled convenience to consumers," said Majety. Srinivasan said that she is pleased to join the Board as the "company moves forward in pushing boundaries and redefining newer segments." "I look forward to supporting the Swiggy management team in their quest to build a world-class business that serves millions of customers in their everyday needs," added Barua. Swiggy connects consumers to over 200,000 restaurant partners in hundreds of cities. Its quick commerce grocery service Instamart is present in over 25 cities. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/vodafone-idea-shares-hit-25-upper-circuit-after-govt-agrees-to-convert-16133-cr-dues-into-equity/articleshow/97643006.cms">Vodafone Idea shares hit 25% upper circuit after govt agrees to convert ₹16,133 cr dues into equity</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/4-day-workweek-not-yet-feasible-in-india-but-companies-look-at-flexible-options/articleshow/97642858.cms">All about 'flex': 4-day workweek not yet feasible in India, but companies look at flexible options</a>

Swiggy appoints 3 independent directors to its Board

New Delhi, Apr 14 () Donation platform GiveIndia on Tuesday said it has launched the 'India COVID Response Fund' (ICRF) with initial donations worth Rs 75 crore to support the on-ground COVID relief efforts being carried out by its network of verified non-profits.Some of the early donors to the fund include the Bill &amp; Melinda Gates Foundation, Google.org, HSBC India, Omidyar Network India, UBS Optimus Foundation, Marico, Uber India (through Uber Care driver fund), Binny Bansal and A.T.E. Chandra Foundation.The fund will use a data-backed approach to identify the most critical areas of intervention and scale the relief efforts pan India, a statement said.The donation platform is aiming at creation of a larger corpus that can support up to 10 million people nationally, it added."Since we started fundraising for COVID relief work on March 22, we have received donations from more than 2 lakh people globally, raised Rs 75 crores, partnered with over 40 organisations, onboarded more than 100 non-profits, and these initial efforts will impact one million people," GiveIndia Director and ICRF Advisor Govind Iyer said.However, the on-ground requirement is much larger and the fund is an open platform for all to come together and support the most critical need of the hour, he added.Other partners in the collective are CSIP (Centre for Social Impact and Philanthropy) from Ashoka University, Bridgespan, Indiaspora, Sattva, Dasra and IIFL Wealth, the statement said.An expert advisory group has been set up to guide fundraise and allocations, including Dr Devi Shetty, (Chairman, Narayana Health), Kiran Mazumdar-Shaw (Chairman, Biocon), Sanjiv Mehta (Chairman, HUL), Surendra Rosha (CEO, HSBC India), Binny Bansal (Co-founder, Flipkart), Manoj Kohli (Country Head, Softbank) and Amitabh Chaudhry (CEO, Axis Bank).Shilpa Kumar (Investment Partner, Omidyar Network India), Ingrid Srinath (Director, CSIP, Ashoka University), Arun Seth (former Chairman-BT), Amita Chauhan (Chairperson, SVP Mumbai), Shailesh Haribhakti (CA), Haigreve Khaitan (Managing Partner, Khaitan &amp; Co), V Vaidyanathan (MD &amp; CEO, IDFC First Bank), Neeraj Aggarwal (Head APAC, BCG) and Karan Bhagat (MD &amp; CEO, IIFL Wealth) are also part of the effort."ICRF will focus on preventing the spread of the coronavirus, providing humanitarian aid, supporting our health workers and enabling the COVID-hit families to rebuild their livelihoods. GiveIndia will be working with and supporting non-profits across health, disaster relief, rural livelihoods, etc including Akshaya Patra, Goonj, HelpAge India, ActionAid, Oxfam, CRY, Srijan and many others through this fund," the statement said. SR RSN RUJ

GiveIndia starts India COVID Response Fund with Rs 75 cr in initial donations

At a time when new corporate rules have substantially changed the responsibilities of directors, there is a push in the Indian industry to improve the quality and effectiveness of corporate <keyword id="56788" type="UNKNOWN" weightage="20" keywordseo="Governance">governance</keyword>. 
 In a bid to improve the quality of board-level governance in Indian industry, corporate heavyweights including Keki Mistry of HDFC and <keyword id="162166" type="PERSON" weightage="20" keywordseo="Satish-Reddy">Satish Reddy</keyword> of Dr Reddy's Laboratories are coming together. The new group will be headed by <keyword id="273154" type="PERSON" weightage="20" keywordseo="Arun-Duggal">Arun Duggal</keyword>, former chairman of <keyword id="4745298" type="COMPANY" weightage="20" keywordseo="Shriram-Capital">Shriram Capital</keyword>. As per a news report by the Economic Times, Saroj Poddar of Adventz Group, Rashesh Shah of Edelweiss <keyword id="6354241" type="COMPANY" weightage="20" keywordseo="Financial-Services">Financial Services</keyword>, Shailesh Haribhakti of DH Consultants and Harsh Goenka of RPG Enterprises will also be a part to it. 
 
The financial daily has confirmed that the forum is being set up under the aegis of the FICCI Centre for Corporate Governance. 
"The objective of the forum is to enhance the corporate governance practice and standards by having better-informed and more-engaged board members," Duggal, who is the chairman of Ficci Centre for Corporate Governance told the ET. "The Companies Act 2013 and Sebi guideline have provided a structure and hardware for governance. What we want to provide is the software of information, knowledge, insight and peer learning for board members to be more effective." 
 
Membership will be strictly by invitation. The forum plans to start by inviting board members from the top 200 BSE companies. Among these programmes, the forum will offer an optional four-day board effectiveness course in association with the Indian Institute of Management-Ahmedabad, led by director <keyword id="1588161" type="UNKNOWN" weightage="20" keywordseo="Ashish-Nanda">Ashish Nanda</keyword>, and Harvard Business School, the ET report reads. 
 
In the next two-three years, the forum expects to yield results in the form of more engaged and informed board members and provide a lot of motivation to people. 
 
(Image credits: indiatimes.com)

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Swiggy appoints 3 independent directors to its Board

IANS

GiveIndia starts India COVID Response Fund with Rs 75 cr in initial donations

PTI

Now an ‘etiquette’ school for company directors?

BI India Bureau

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