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Ambani to set up family council for succession plan: report

Aug 14, 2020 07:47 IST

Probably drawing some lessons from his rivalry with his brother after the death of their father, Reliance Industries boss Mukesh Ambani is setting up a ‘family council’ to implement a collective governance structure to manage the family’s sprawling business empire as part of the group’s succession-planning process, the Hindustan Times has reported. The council will provide equal representation to all family members, including the three Ambani siblings—Akash, Isha and Anant—who are expected to take over the reins of Reliance Industries. Ambani, who is now world's fourth richest man, is aiming to complete the succession planning process by the end of next year, the report added.

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