The ‘Young Executive Board', a unique concept at Godrej, was formed to work along with the Group Management Committee (GMC) of the Godrej Group. The Young executive board has ten members from different Godrej companies. The members of the Board, the oldest of whom is about 33, will continue to execute their functions in the group companies where they have designated responsibilities.

The move is part of the group's initiative to improve corporate governance, provide more opportunities to young employees, and to transform itself into a dynamic and modern corporate house.

The board members, currently stationed in various parts of India, will meet occasionally for deliberations. Membership of the board will be rotational, and it will not be a statutory body. According to Adi Godrej, Chairman of the Godrej Group, the objective behind setting up the board is to use the knowledge and enthusiasm of young talent to take the group forward.

Among other things, the Young Executive Board works on strategy for the group and gives advice to top management on specific topics of interest.

Says Visty Banaji, Executive Director & President (Group Corporate Affairs), Godrej Industries: "We aim to harness the enthusiasm, creativity and the innovative spirit of these young leaders through this initiative. They are equipped to come up with suggestions and advice which would add value to the decisions of the management committee."