Surprises and a sudden turn of events are not new to
the Actuarial Society of India (ASI). One such event
was the unanticipated resignation of Dr R Kannan as
ASI''s president and the elevation of G N Agarwal, vice
president, in his place. Consequently, ASI''s governing
council elected honorary secretary K S Gopalakrishan
as the vice president and Heerak Basu an executive committee
member as honorary secretary. G L N Sarma continues
as the honorary joint secretary and treasurer.
may be recalled, a stiff war has been on between Dr
Kannan and his predecessor Liyaquat Khan. (See: The
big fight: Khan v/s Kannan). Dr Kannan, who
is on tour to Mexico, could not be reached for comments.
Agarwal on his elevation, "I am really happy."
What he does not say is that the workload on him goes
up immensely as he is also the executive director (Actuarial)
and appointed actuary of one of the world''s largest
life insurers, the Life Insurance Corporation of India
other interesting development is Khan''s decision to
contest the executive committee and governing council
elections, due shortly. Only last November he quit ASI''s
governing council. (See: Liyaquat
Khan out of ASI''s governing council) and the
executive committee co-opted K P Narashiman as the member.
per ASI''s rules, one third of the governing council
members who have served the longest since their election
have to retire by rotation at every annual general meeting,
while the co-opted members retire at the next annual
a result, five of the 12 sitting members K.S.
Gopalakrishnan, G L N Sarma, S. Madhusudhanan, N M Govardhan
and Narasimhan have to retire this year. While
all of them are eligible for reelection two actuaries,
Madhusudhanan and Govardhan, have decided not to contest
due to personal reasons, sources say. In addition three
more actuaries have decided to contest. They are A K
Singh, Pournima Gupte and K P Sarma.
declined to comment on his latest move.