For Quick Alerts
For Daily Alerts

Mukesh Ambani takes home $240,000 as directors pay from BoA

By Religare

Bank of America paid Mukesh Ambani, head of RIL, a director's compensation for 2012 of USD 240,000. Ambani would be giving up the position next month and join the bank's new, non-fiduciary global advisory council.

However, Ambani was paid a higher compensation of USD 276,816 by the bank in the previous year, 2011.

Ambani joined Bank of America's board as an independent director in March 2011, but would step down from this position at the company's next Annual Meeting of shareholders on May 8. \ Ambani is a member on the Credit Committee and the Compensation and Benefits Committee of its board.


As per the shareholder notice, Ambani's compensation for 2012 included USD 80,000 as 'fees earned or paid in cash' and USD 160,000 as stock awards.

As on March 13, 2013, Ambani held a total of 31,265 shares of the bank, which have been given so far to him as part of his director compensation.

Read more about: reliance industries
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more