Garment exporter Gokaldas Exports has completed its board restructuring by inducting Pavitra Rajaram as the fourth independent director. This move comes as the company aims to strengthen its board and enhance its corporate governance standards.
With more than 20 years of experience in the financial services industry, Pavitra Rajaram brings a wealth of knowledge and expertise to the board of Gokaldas Exports. She is currently a Partner at a leading private equity firm, where she focuses on investments in the consumer, healthcare, and technology sectors.
In a statement, Gokaldas Exports said, “The company is pleased to announce the appointment of Pavitra Rajaram as an independent director. Her extensive experience in the financial services industry and her deep knowledge of consumer, healthcare, and technology sectors will be invaluable to the board as the company continues to grow and expand its business.”
Gokaldas Exports is one of the leading garment exporters in India, with a history of more than 35 years in the industry. The company has a strong presence in the US and Europe, and exports its products to some of the world’s leading brands.
The company has been on a growth trajectory in recent years, with a focus on expanding its product portfolio and strengthening its global presence. With the appointment of Pavitra Rajaram, the company aims to further enhance its corporate governance standards and strengthen its board.
Corporate governance has become an increasingly important issue in recent years, as investors and stakeholders are demanding greater transparency and accountability from companies. The appointment of independent directors is seen as a key step towards enhancing corporate governance standards, as it brings in external expertise and ensures that the board is independent and objective.
In India, the Companies Act 2013 mandates that listed companies must have at least one-third of their board members as independent directors. The role of independent directors is to provide an objective and unbiased view on the company’s affairs, and to ensure that the interests of all stakeholders are protected.
The appointment of Pavitra Rajaram as an independent director is a positive step for Gokaldas Exports, as it demonstrates the company’s commitment to enhancing its corporate governance standards. With her extensive experience and expertise, Pavitra Rajaram will provide valuable insights and guidance to the board, and help the company achieve its growth objectives.