Reliance Power Sets Up Board of Management to Strengthen Governance

Reliance Power Ltd. has set up a board of management to tighten governance and improve oversight as the company works on creating a more agile, future-ready structure. The decision was cleared by the board and disclosed in a stock exchange filing on Wednesday.

The new board of management will include the chief executive officer, key management personnel and senior business leaders. The move comes at a time when multiple government agencies, including the Enforcement Directorate and the Securities and Exchange Board of India, are examining matters linked to companies in the Anil Ambani group.