Mumbai, Nov. 19 -- Reliance Power on Wednesday announced that its Board of Directors today approved the constitution of the Board of Management (BOM) comprising the CEO, key managerial personnel, and senior business leaders of the company.

The creation of the Board of Management represents a "step in Reliance Power's pursuit of stronger governance, sharper oversight mechanisms and building a more agile and future-ready organization," the company informed stock exchanges in a filing today.

"The initiative reflects the Company's commitment to adopting best-in-class governance practices that support long-term value creation for all stakeholders. Reliance Power also highlighted the emerging growth opportunities within its subsidiary, Relian...