Murugappa group

MUMBAI, JANUARY 22: The Rs 3,100 crore diversified Murugappa group announced major changes in its governance structure, policies and roles to build a high performance organisation to match the paradigm shift taking place in India and the world business scenario. Murugappa group chairman M V Subbiah told reporters here today the group has recently made two key changes in its governance structure. At the group level, a new Murugappa corporate board has been constituted. This non-statutory board will work to improve governance standards, strategy formulation and to step up capabilities across the group. Strong initiatives are being taken to rapidly build up competencies in IT, marketing and brand management.