People: Hero MotoCorp Ltd (HROM.BO)
13 Dec 2019
Mr. Meleveetil Damodaran is Non-Executive Independent Director of Hero MotoCorp Limited (formerly named as Hero Honda Motors Limited). Mr. M. Damodaran is a retired IAS officer. Currently, he serves as a governance consultant, advisor, mentor and coach, with various state governments and the Central government. He also works with regulatory bodies, investment institutions, banks, development financial institutions and the private sector. He has headed the highly successful restructuring efforts at Unit Trust of India (UTI) and Industrial Development Bank of India (IDBI). In addition, he has chaired the Securities and Exchange Board of India (SEBI). During his tenure at SEBI, he was elected as the Chairman of the EMC of the International Organisation of Securities Commission (IOSCO). In the past, he has also led the Government of India (GoI) appointed task force for setting up the Resolution Corporation of India and chaired high-powered committees of the Government of India, Reserve Bank of India (RBI) and FICCI. He has won several awards for governance, leadership and transformation. Currently, he sits on the Boards of some of India’s biggest companies and is on the Advisory Boards of some foreign entities. He is the founder Chairman of Indian Institute of Management (IIM), Tiruchirappalli. He graduated with distinction in Economics and Law from the Universities of Madras and Delhi, respectively. He is widely acknowledged as one of India’s foremost champions of corporate governance and is passionate about improving the board’s performance.
|Total Annual Compensation, INR||1,800,000|
|Restricted Stock Award, INR||--|
|Long-Term Incentive Plans, INR||--|
|All Other, INR||6,100,000|
|Fiscal Year Total, INR||7,900,000|