Mamaearth Parent Honasa Consumer Revamps Board With 50% Independent Directors

23 Dec 2022, 1:30 pm · 1359d ago · 1 min read · Indianweb2.com

Honasa Consumer Limited, the parent entity behind major direct-to-consumer brands such as Mamaearth, The Derma Co., Aqualogica, and Ayuga, has restructured its board of directors to ensure that 50% of the seats are held by independent directors. The move is aimed at enhancing corporate governance, protecting minority shareholder interests, and facilitating unbiased strategic decision-making within the leadership team. By establishing a balanced board composition, the beauty and personal care giant seeks to moderate internal conflicts of interest and uphold rigorous corporate compliance standards as it scales its multi-brand consumer portfolio across India.