People: Hero MotoCorp Ltd (HROM.BO)
Mr. Meleveetil Damodaran is Non-Executive Independent Director of Hero MotoCorp Limited (formerly named as Hero Honda Motors Limited). Mr. 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 in 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 Chairman of the EMC of the International Organisation of Securities Commission (IOSCO). He led the Government of India (GoI) appointed task force for settling up the Resolution Corporation of India and managed the high-powered committees of GoI, Reserve Bank of India (RBI) and some Chambers of Commerce. He has won several awards for governance, leadership and transformation. Currently, he sits on the Boards of some of India’s biggest companies and on the Advisory Boards of some foreign entities. He is the Founder Chairman of IIM, Tiruchirappalli. He graduated with distinction in Economics and in 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 Awards, INR||--|
|Long-Term Incentive Plans, INR||--|
|All Other, INR||6,250,000|
|Fiscal Year Total, INR||8,050,000|