Viceroy Hotels has informed that Rakesh Jhunjhunwala, director of the company expressed his concern that he was unable to attend all the board meetings due to time constraints. He felt that being on the board of a company and not in a position to attend all the board meetings is not in interest of good corporate governance. Hence, Rakesh Jhunjhunwala tendered his resignation as director. He further added in his communication to the board of directors that he has resigned from few other companies following the same practice.
The above information is a part of company's filings submitted to BSE.
