Senior advocate Aruna Shyam appointed Karnataka Bank additional director
Karnataka Bank has appointed senior advocate M. Aruna Shyam as a non-executive, independent additional director for a four-year term. The appointment is subject to shareholder and regulatory approval.
Why it matters
Strengthening corporate governance through legal expertise is a critical move for financial institutions navigating complex regulatory environments.
Karnataka Bank on Monday announced appointing senior advocate M. Aruna Shyam as a non-executive, independent additional director of the bank for a period of four years, with effect from July 18.
The appointment is subject to the approval of the shareholders of the bank as per the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and applicable provisions of the Companies Act, 2013, a release said.
Mr. Shyam is a postgraduate in business law and holds a doctorate in law (constitution and criminal law). Since 2004, he has been in active legal practice, appearing before civil courts, various tribunals, including debt recovery tribunals, the National Company Law Tribunal, the High Court of Karnataka, and the Supreme Court.
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