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Zoya VezqaniChief Strategy Officer · Essays & perspective

Zoya Vezqani · Chief Strategy Officer · India

Bring the operating obligation into collective oversight

My contribution to a board

My strongest contribution would be to ask what continuing work a proposed revenue model creates. I have run a replacement division and subsequently recommended changes to the business around it. That gives me a practical starting point for examining a fee, stock commitment or service promise, but it does not supply the answer for another company. I would ask management to show the capability behind the offer and the cost the preferred summary may omit. The planning pilot taught me to welcome a financial challenge to a proposal I had sponsored. I would want to bring that willingness into collective oversight, including when another director's question exposes a weakness in my own reasoning. My perspective would need to sit beside operating, technical, legal and financial expertise. The board should gain a clearer view of the undertaking and its alternative, rather than inherit a former division manager who tries to run the service herself. Useful challenge would make the recommendation more understandable to colleagues with different responsibilities.

Judgement in practice

01

Reopening my own account of a promising pilot

The eight-customer planning service produced seven lakh rupees of direct contribution before seventy-one lakh of setup expense. Its overall deficit on the defined programme account was sixty-four lakh. Six customers renewed, giving the commercial team's expansion case a serious basis. I nevertheless recommended limited continuation after Reema challenged the incomplete summary I had been repeating. As a director, I would ask which costs and obligations support management's next step, while preserving the argument for moving faster. The lesson is not that pilots must immediately recover every establishment expense. It is that the board should know which account is being used to justify expansion and what remains uncertain. I would also expect a sponsor to acknowledge personal commitment to the idea. That openness helps colleagues examine the evidence without turning a necessary qualification into a contest over whether someone supports growth.

02

Recognising when a smaller proposal is a different undertaking

We chose eight prepaid stock allocations with two crore twenty lakh rupees in opening material over an eighteen-location consignment proposal estimated at five crore sixty lakh. The difference was not a realised saving: coverage and funding arrangements changed. In an oversight role I would ask what opportunity the selected model leaves outside and which professional owners have examined its terms. Ten proposed locations did not enter our programme. They remained part of the commercial consequence rather than disappear from the comparison. A board should understand that consequence before accepting a lower budget as proof of better efficiency. My experience can help identify a misleading subtraction, but it would not make me the person who approves another company's stock accounting or customer contracts. Those responsibilities must stay with the appropriate management and specialist authorities.

My first year on a board

I would organise my induction around a few actual decisions rather than begin by proposing a strategy framework. One completed investment, one continuing pilot and one offer the company declined would reveal how its board hears uncertainty. With the chair's agreement, I would discuss those examples with the responsible executives and read the papers alongside their later results. I would also visit the operating work behind a service promise, without treating that visit as an opportunity to issue instructions. Financial reporting and directors' collective duties would receive deliberate preparation because divisional experience is not a substitute for board competence. During meetings I would test whether my questions improve the whole discussion or simply revisit familiar aftermarket concerns. The chair's feedback would matter. By the end of the first year I would hope to understand the company's economics and the ways its existing directors challenge one another, rather than claim value from the number of questions I had asked.

Conflicts and their management

The relationships around an aftermarket business are extensive: equipment makers, industrial users, stock partners, outside field specialists and the holding company's other interests may intersect with a proposed appointment. I would map relevant connections with the appropriate advisers before taking confidential papers. My present employer also holds commercial history and plans that cannot become a private source of advantage for another board. Explaining an anonymised decision is different from supplying customer records, terms or unpublished service economics. Some overlaps might be manageable through the company's proper process; others could make participation too restricted to be useful. I would rather identify that problem early than offer a seat in which I repeatedly cannot contribute. Time is another practical conflict. Twenty-four days is provisional and includes preparation, committee work and exceptional demands, not only scheduled meetings. Consent from my employer and the proposed company's calendar would need examination together. The judgement concerns whether I can responsibly do the work, as well as whether the formal appointment conditions are met.

My independence statement

There is no current statutory directorship in my career. Any proposed external appointment would require examination of my employment, interests and relationships against applicable Companies Act independence conditions, SEBI LODR requirements where relevant, committee obligations and directorship limits. I would take qualified advice on the actual circumstances. Registration in the databank cannot establish independence from a particular company.

Board and committee exposure

Presented to the Board or a committee

Nalvzeri Industrial Screens

Strategy recommendations and pilot follow-up through the CEO; no statutory board or committee seat

January 2022 – Present

I explain selected commercial-model choices to directors through CEO Ishaan Delzhavi. CFO Reema Zalveri retains the financial account. I contribute as an executive presenter and do not vote as a director.

Governance learning and readiness

IICA Independent Directors’ Databank: Registered

In this fictional account I registered with the IICA independent directors databank in September 2026. My registration is not an assessment result: preparation remains ahead, and this account asserts neither a pass nor an exemption. Applicable preparation, assessment and continuing obligations need attention before an appointment is pursued.

  • Executive strategy presentations since January 2022; no statutory board membership.
  • September 2026 fictional databank registration, with proficiency-assessment preparation still ahead.
  • Further preparation concerns financial oversight, collective responsibility and how a director tests an executive's business-model recommendation.