Byju’s looks to set up board advisory panel

NEW DELHI: Byju’s, which has come under the scanner for corporate governance lapses, is planning to set up a board advisory committee (BAC) that will be tasked with advising the CEO on matters pertaining to the company’s governance structure and composition of the board, sources said.

“The BAC will serve as a working group consisting of independent directors with credible backgrounds and relevant experience from diverse corporate fields,” the startup’s founder and CEO Byju Raveendran told shareholders at the firm’s extraordinary general meeting held earlier this week.

It aims to hold another EGM in three weeks during which the composition of the BAC is expected to be taken up for discussion.