Dabur Appoints Dr. Ajay Dua as Independent Director

Online, December 29, 2009 (Newswire.com) - Dabur India Ltd has announced the appointment of Dr. Ajay Dua, former Secretary, Government of India, as an independent director on its board.

As per the officials, Corporate governance and transparency in action are of high priority for Dabur. It believes that excellence in governance and superior financial performance go hand in hand, and the induction of Dr. Dua as an independent director supports their efforts towards improving transparency in operations.

The Burman family - promoters of Dabur - had handed over management of the company to a professional CEO and limited their role to strategic inputs at the Board level in 1998. The decision was taken in response to the changing dynamics of business and to inculcate a spirit of corporate governance within Dabur India. Post-1998, the Burman family has receded from the day-to-day operations of the Company. They have reduced their strength on the Board of Directors to 4 members and only provide broad policy guidelines for growth and diversification. The promoters provide the strategic direction to the Company and the group, besides evaluating newer avenues for growth.