The Public Health Foundation of India (PHFI) on Thursday unanimously accepted the resignation of Rajat Gupta, chairperson of its Board of Governors, who stepped down on March 16, after the United States Securities and Exchange Commission named him a co-conspirator in an insider trading scam, along with billionaire Raj Rajaratnam of the Galleon Group, USA. Mr. Gupta's resignation as the member of the PHFI Board has also been accepted.
Thursday's general body meeting chaired by Shiv Nadar, chairperson of HCL Technologies, appointed Y. Venugopal Reddy, the former Governor of Reserve Bank of India, as an interim chairperson until a regular chairperson in appointed within four months. Mr. Reddy will head the nomination committee that will select a new chairperson.
Other members of the high-profile PHFI governing board include Planning Commission Deputy Chairman Montek Singh Ahluwalia; Prime Minister's Principal Secretary T.K.A. Nair; National Advisory Council members, A. Shiva Kumar and Mirai Chatterjee; Nobel prize winning-economist Amartya Sen; Gautam Kumra of McKinsey and Co, representatives of the Bill and Melinda Gates Foundation; United Nations agencies like UNAIDS, Unicef, WHO; the Ministry of Health and Family Welfare and some industrialists.
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