"A vote against this resolution is warranted as Anant Ambani's limited leadership/ board experience of around six years, raises concerns on his potential contribution to the board," ISS said in an 12 October note, which it shared with Bloomberg. It has backed the board appointments of his twin-elder siblings, Isha and Akash Ambani-both 31-in the shareholder vote that will close on 26 October. Anant is 28 years old.
ISS's objections echo the recommendations from Institutional Investor Advisory Services, or IIAS, which said in a 9 October report, that "at 28 years of age", appointment of the young Ambani scion "does not align with our voting guidelines". IIAS has supported the proposals seeking to elect Isha and Akash.
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Denne historien er fra October 18, 2023-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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A counterintuitive view on education
A book about Shomie Das, principal of three posh schools, serves as a rich distillation of his thoughts on education
The loss of sound in our noisy lives
Sound memory fades faster than visual memory. In a world as rapidly changing as ours, a museum of endangered sounds makes sense
A whole new League
When Arcane first dropped on Netflix, it didn't just break the mold for animated television—it shattered it into shiny fragments, each as intricate as the show's hand-painted aesthetic.
When pets get cancer
Advances in veterinary sciences have enabled several treatments, but early detection can make all the difference
Reduction of energy costs in the telecom sector
With telecom infrastructure companies looking for newer ways to cut back on energy costs, battery restoration technology provides telecom infrastructure firms with a viable, economical and green solution for uninterrupted power supply
Skip cheese and sip wine in Switzerland
Beyond chocolates and cheese, there's another Swiss gem to discover — vineyards that have been passed down through the generations
Bankers aren't always frank about bank regulation
The 'world's banker' Jamie Dimon, CEO of JPMorgan Chase, speaks his mind even if it means taking swipes at US regulators.
Baku: A climate breakthrough looks depressingly bleak today
The success of fossil fuel-favouring politics threatens the planet
Global solidarity levies can play a vital role in our climate efforts
Solidarity taxes could support redistributive measures and optimize how we collectively tackle a great challenge of our times
Speak for the Earth: It's the least we should do
This year's Booker prize winner turns our gaze to the planet from orbit and reminds us of the climate disaster that looms. Can odes sung to Earth move the world to act in its defence?
