Indra Nooyi, the one feminine consultant on the ICC’s Board of Directors, has determined to excuse herself from the upcoming sale of its media rights process as she can be a member of potential digital rights bidder Amazon’s board.
The ICC’s TV and digital rights bundle for the Indian sub-continent might be up on the market on August 22.
The bidding process is totally different from that of BCCI’s media rights public sale. Unlike BCCI’s e-auction which went on for 3 days, ICC might be following the standard sealed bid process. If there’s a tie between the bidders, then an e-auction might be held to determine the winner.
Some of the potential bidders embrace Star, Viacom18, Sony, and Amazon.
Amazon, owned by Jeff Bezos, had pulled out of the IPL media rights public sale with Star and Viacom profitable the TV and digital rights, respectively, for document quantities.
Nooyi, a former CEO cum chairperson of international cola large PepsiCo, is the ICC’s first impartial director, and he or she has determined to abstain from the process to keep away from allegations of a potential conflict of interest.
“Indra Nooyi’s appointment to the Amazon board was declared to the ICC when she took up the role,” an ICC spokesperson instructed PTI when requested about Nooyi’s standing in the entire process.
“As a result, she has recused herself from any ICC Board discussion on the ITT (Invitation To Tender) process since then. She has not been involved in any capacity and will not be part of the final ICC Board decision on the ITT,” the spokesperson added.
Clause 2.2.4.1 of the ICC structure states that “When a Director, committee member or staff member has or may have an actual, apparent or potential Conflict of Interest in respect of his duties to the ICC, he must disclose the Conflict to the Ethics Officer without delay (and where possible make disclosure prior to his election or appointment as Director, staff member or committee member), or if such Conflict arises during the meeting, he must disclose the Conflict to the relevant chair of the meeting.”
(Inputs from PTI)
