Two leading proxy advisory firms have recommended Religare Enterprises investors Ltd (REL) to vote against giving a fresh five-year term on the company's board to chairperson Rashmi Saluja, further turning the odds against her reappointment that was already hanging in balance amid her ongoing feud with the company's largest shareholders, the Burman family. Religare has issued a rebuttal to the opinion of the proxy advisors, standing behind Saluja.
Justifying the call for Saluja's ouster, proxy advisors InGovern and Institutional Investor Advisory Services (IiAS) said the protracted battle between the Saluja-led management and the Burman family and resultant litigation may be a distraction for Religare's board. "Legal disputes and police cases may be potential distractions to the board and to her in her ability to execute her responsibilities as executive chairperson of the company," IiAS said.
Esta historia es de la edición December 23, 2024 de Mint New Delhi.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 23, 2024 de Mint New Delhi.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Inflation targeting: It should not constrain Indian manufacturing
Monetary policymakers should analyse the price dynamics of the entire basket of items that make up India's national income
We could expect East Asia to spring some surprises in 2025
China, Hong Kong and Vietnam will be under watch for a reason
Full of sound and fury: What the Bard may say of 2024
From central bank actions to Trump's ideas, there was plenty that inspires a Shakespearean look-back
Trump's tariffs will not eliminate the dollar's exorbitant privilege
Exporters to the US may want to shift trade into other currencies but the dollar won't be dethroned
AP split leaves state-backed bondholders high and dry
Investors await payments as Andhra and Telangana dispute AP power bonds post-bifurcation
We must approach tech transformations with due care
How we deal with technology is getting highly complex. It's the reason we must exercise fine judgement
INTERNATIONAL ETFs ARE TRADING AT A PREMIUM: WHAT SHOULD INVESTORS DO?
Most successful investors remain informed, agile, and approach investments strategically
A BONE THIEF IN UKRAINE'S BACKYARD
Ukrainian officials say the Russians continue their efforts to repatriate the remains of Soviet war dead
Simplifying estate planning: The value of expert guidance
Do I need the help of a professional estate planner? Should I opt for a will or trust? Which is effective?
Samsung plans to re-enter ACs market
Samsung is planning to launch over a dozen models of inverter ACs for its 2025 lineup.
