Given the serious allegations against the firm, did these members of the board fail in their duty to safeguard the interests of stakeholders?
Vedanta Resources had environment clearance to set up a 1-million tonne alumina refinery at Lanjigarh in Orissa. But, it went ahead with expanding its capacity six-fold without any approvals. The N C Saxena Committee report, which chronicles a series of such violations by the company, raises the role of independent directors and sustainability development reports in protecting the interests of stakeholders.