GFG Alliance Advisory Board Met Only Three Times since October
The Guardian reported that an advisory board appointed by Mr Sanjeev Gupta to address governance concerns in his metals empire has only met three times since October 2020 for sessions that lasted about half an hour. A former Liberty Steel executive who is a member of the advisory board, Mr Jon Bolton, told MPs during UK Parliament’s Commons Business, Energy and Industrial Strategy Committee hearing that its input had been very limited, despite the crisis facing Liberty. Mr Bolton said the advisory board had met only three or four times and that recent sessions were only very short, half-hour meetings just to really hear a statement from Sanjeev.
GFG Alliance had announced the launch of a Global Advisory Board, in October 2020, saying that world leading industry experience and insight of 17 expert will guide the company in delivering its strategic priorities and achieving best practice in Environment, Social and Governance, particularly towards its Carbon Neutral 2030 target. The board was divided into five regional sub-groups reflecting GFG Alliance’s key markets in Australia, India, continental Europe, the UK and the Americas, which was to meet four times a year. The full board was to meet every year under the Presidency of Mark Elborne, former CEO and President, GE UK and Ireland, and hold informal group discussions each month.
Global Advisory Board members:
Mr Mark Elborne (President of Board) - Former President and CEO, GE UK and Ireland after being Corporate General Counsel, GE EMEA and a senior partner at CMS Cameron McKenna
Mr Jon Bolton - Former Chairman of UK Steel and senior leader at British Steel, Corus, Tata Steel and Liberty Steel.
Lord Lancaster of Kimbolton - UK Member of Parliament for 14 years including Government roles as Lord Commissioner of the Treasury and Minister of State for the Armed Forces
Mr Carwyn Jones - Former First Minister of Wales and Leader of the Welsh Labour Party
Mr Alexander Downer - Former Australian High Commissioner to the UK and Australian Minister for Foreign Affairs
Ms Anne Lange - Senior executive at Cisco before co-founding software start-up Mentis in 2014. Sits on the board of Orange, Pernod-Ricard, Inditex and FFP
Mr Henri Proglio - Former Chairman and CEO of EDF, Veolia Environnement and Compagnie Générales d’Entreprises Automobiles
Mr Sigieri Diaz della Vittoria Pallavicini - Chief investment officer of Rottapharm since 2004 and has held executive roles across the pharmaceutical and finance sectors
Mr Cristian Colteanu - Formerly GE’s President & CEO for Romania, Bulgaria and the Republic of Moldova, and prior to that Secretary of State in the Ministry of Foreign Affairs and Romania’s Ambassador to Italy and Malta
Mr Peter Stracar - Most recently President and CEO, GE Europe, following senior roles at Hilti Group
Mr Michael Setterdahl - Among several board memberships across the steel industry, he was Managing Director of international steel trading company Novosteel SA before becoming the sole owner from 2000 until 2007
Mr Ray LaHood - Extensive career in US politics, serving in the House of Representatives and as Secretary of Transportation
Mr Ray Horsburgh - Chairman of three ASX-listed companies, with deep steel industry experience. Awarded Order of Australia for his service to the steel industry
Mr Simon McKeon - Former Executive Chairman, Macquarie Group (Melbourne office) and Chairman/President of several Federal Government bodies
Mr Michael Morley - Led GFG Alliance in Australia and served as senior vice-president in Nyrstar
Professor Ross Garnaut - Professorial Research Fellow in Economics at the University of Melbourne. Chairman of Sunshot Energy and Director of ZEN Energy
Mr SJ Mukhopadhaya - Former justice of the Supreme Court of India, Chief Justice of the High Court of Gujarat and most recently first chairperson of the National Company Law Appellate Tribunal.