Byju’s proposes to form committee to advise CEO
At the company’s extraordinary general meeting, Raveendran told shareholders that the committee will consist of independent directors. Image used for representational purposes only. BENGALURU: Edtech firm Byju’s, which is currently grappling with multiple issues, is said to form Board Advisory Committee (BAC), which will provide guidance to the CEO. The committee will also advise the CEO on a governance structure that is suitable for the edtech firm. At the company’s extraordinary general meeting, Raveendran told shareholders that the committee will consist of independent directors. He also explained to them the company’s progress with regard to the term loan B resolution, Aakash initial public offer (IPO) and the company’s financial audit for FY22 and FY23. Ajay Goel, the newly appointed CFO of the company, informed shareholders that the FY22 audit will be completed by September and FY23 by December. Many shareholders attended the meeting and the top executive also discussed the Aak...