Suzlon Hires Law Firm to Review Governance After Director Quits

Suzlon Energy said the chairman of its audit committee has appointed law firm Khaitan & Co to conduct a review of its corporate governance practices, according to a filing to the exchanges.

• Audit committee chairman Gautam Doshi agreed to take evaluate suggestions on corporate governance practices, the company said in the filing
  • More advisers may be appointed as required, it added
• Earlier, on June 8, Independent Director Marc Desaedeeler resigned citing concerns over corporate governance
• Co. said the step is being taken to identify any existing gaps in its corporate governance practices and strengthen them
• NOTE: Suzlon Shares Drop Most ...