Brief by Shorts91 Newsdesk / 04:08pm on 26 Sep 2023,Tuesday Business
Billionaire Mukesh Ambani's three children will receive no salary as directors on Reliance Industries' board, only fees for attending meetings. Twins Akash and Isha Ambani and brother Anant will be paid a fee to attend board and committee meetings, plus profit-related commission. In contrast, Ambani himself has drawn no salary from Reliance since 2020-21. Other executive directors receive full compensation packages. The terms match those under which Ambani's wife Nita joined the Reliance board in 2014, earning meeting fees and a small commission. The move suggests Ambani aims to keep family compensation restrained amid his company's massive expansion.
