Murugappa Group heir fights to unseat gender bias in board
MUMBAI: Valli Arunachalam, one of the heirs to the storied, 119-year old, Murugappa Group, is waging a “lonely battle” to succeed her father as a member of the male-only board of the holding company.
“We are primarily seeking a board seat in Ambadi Investments, a holding company of the group, or fair market value for our stake in the company,” Arunachalam told ET over the phone from New York, where she lives. “My sister and I are qualified and experienced and hence eligible to get representation on the board.”
Source: The Economic Times