McLeod Russel director resignations raise eyebrows; SES red-flags trend

Several independent directors quit citing health reasons but continue to serve on other boards

Several independent directors serving on the board of McLeod Russel India have quit citing health and old age. However, they continue to serve on the boards of other companies. The trend has been red-flagged by corporate governance firm Stakeholders Empowerment Services (SES), which has called for more accountability from independent directors.

Over half a dozen individuals have resigned from the board of the tea company citing reasons such as "old age", "severe health issues" and "poor health". At the same time, almost all of the directors continue to hold their directorships at other companies, while some have even taken up