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Well, the entire business started with his father Dhiru bhai ambani. It just happens to operate in a different way compared to the organizations we know in the west.

I watched the whole Jio AGM 2020 presentation. All the board members were present, through video conferencing ofcourse as were the Ambani family members who are the majority shareholders of Reliance Industries and are directors on the various companies' board of the parent group. What nepotism are you talking about? Is RIL a govt entity where it is illegal to appoint one's relative? As majority shareholders they can appoint whomever they want. Two criteria for appointments that come to mind: Trust and Competencies. For the latter they have hired many global as well as Indian executives to run Jio. For eg. Matthew Oomen who is Rel Jio's president was previously Sprint Nextel's CTO.

Wasn't shareholder AGM virtual this time because of the Covid situation? So it makes sense why it would only be family members present physically, if it was streamed from his ridiculous 20 odd floor residence.