Government to reconstitute Balmer Lawrie board
08 Apr 2010
The Cabinet Committee on Economic Affairs (CCEA) today approved a proposal of the ministry of petroleum and natural gas to reconstitute the board of Balmer Lawrie Investment Limited (BLIL).
This follows the transfer of the administrative control of BLIL from the department of disinvestment to ministry of petroleum and natural gas.
The reconstituted board of BLIL will have five directors. The finance director will be ex-officio director (finance) of BLIL.
Two directors will be nominees of the ministry of petroleum and natural gas comprising of officers at the level of director/deputy secretary from ministry.
Besides, the company will have two independent non-official directors, who will be appointed by the Government of India.
At present, the board of BLIL consists of three non-executive government nominee directors and two independent directors.
