The International Cricket Council (ICC) toda announced that PepsiCo Chairman and CEO IndrNooyi has been appointed to the ICC Board as th organization's first independent female director Mrs.
Nooyi will join the Board in June 2018 t align with the term of the ICC Independen Chairman, following the unanimous confirmatiorof her appointment at today's meeting.
The introduction of an Independent Directorwho must be female, was approved by the ICC Ful Council in June 2017 as part of wide rangingconstitutional change aimed at improving the globa governance of the sport.
Mrs. Nooyi is a global business leader consistently ranked by Fortune Magazine among the World's Most Powerful Women.
As Chairmar and CEO of PepsiCo, Mrs. Nooyi is responsible fo a global food and beverage portfolio that include 22 brands generating more than $1 billion each inannual retail sales, including Quaker, Tropicana Gatorade, Frito-Lay and Pepsi-Cola.
Mrs. Nooyi is also the chief architect o Performance with Purpose, PepsiCo's vision 1 deliver top-tier financial performance over th long term by integrating sustainability into the company's business strategy.
Under her leadership, since 2006 PepsiCo has focused on offering more nutritious foods and beverages, minimizing their impact on the environment, and creating opportunities for their employees and people across the markets they serve.
ICC Chairman Shashank Manohar said: "We are delighted to welcome Indra to the ICC. Adding another independent director-particularly a female - is such an important step forward in improving our governance.
To have someone of Indra's calibre is fantastic news for the global game-she is frequently recognized as one of the most influential people in business today, running one of the world's biggest corporations. "We undertook a global search looking for the right candidate who would complement the existing skills and experience already on our Board.
A cricket enthusiast with experience in the commercial sector and independent of the ICC, any Member or state or associated organization were the primary criteria and in Indra we have found an exceptional new colleague and we look forward to working with her in the future."
The Independent Director will be appointed for a two-year term although she may be reappointed for two further terms with a maximum six-year consecutive period of service.
In accordance with international standards of good governance, the Independent Ethics Officer for the ICC and PepsiCo's General Counsel have reviewed and both formally approved the appointment, providing a clear framework for appropriately managing any potential or perceived conflicts of interest that might arise in the future.
Which amongst the following is true in the context of the passage?