Etihad sets terms to lower strength on Jet board - Rediff.com -BoardProspects

Etihad sets terms to lower strength on Jet board

Rediff.com Aug 25 2013 BoardMoves

Etihad to have 2 directors even if it dilutes stake to 15%...
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1. We see Etihad having a major role in Jet's operations and management going forward, even though the SHA has been revised. Earlier, in 2008-09, W L Ross had a very significant role in SpiceJet's strategy and future direction, even with shareholding of less than 15 per cent and one board seat.
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