IiAS

Under proposed Sebi norms, firms must get shareholder nod at least once in 5 yrs for each board seat so that promoters aren't able to retain control after losing dominant shareholding

The buyback proposal comes less than 13 months of Paytm's disastrous listing, which saw its shares tank as much as 80 per cent

2024 'board refresh' could mark opportunity to accelerate change, says IiAS report

Institutional investor advisory firm IiAS has recommended the shareholders of Ambuja Cements to vote against the proposal to raise Rs 20,000 crore from the Adani family firm by issuing warrants during the company's extraordinary general meeting. Besides, it has also advised shareholders to vote against the appointment of Ameet Desai and Purvi Sheth as independent directors of the company. Ambuja Cements, which also owns 50.05 per cent in ACC Ltd, has called an Extra Ordinary General Meeting (EGM) of the shareholders on Saturday. It has sought shareholders' approval on 12 resolutions, which include preferential allotment of 47.74 crore warrants at a price band of Rs 418.87 to Harmonia Trade and Investment Ltd, an Adani group entity, totalling Rs 20,001 crore in one or more tranches. The company has also sought approvals for the appointment of Adani Group chairman Gautam Adani, his son Karan Adani and two directors and four independent directors on the board. In its voting advisory,

Meanwhile, SES has an issue with Sharma holding the position of chairman as well as MD and his "excessive" remuneration

Promoter infusion will pave the way for Rs 10,000-cr additional fund raise for Vodafone Idea Ltd., say experts

On average, one auditor of a listed company has prematurely resigned every two weeks this financial year; pace seems to have picked up in September with 5 departures

Proxy firm raises corporate governance concerns over MD's salary

This was after proxy advisory IIAS had raised serious corporate governance concerns in the company by asking shareholders not to vote for re-appointing the duo on the company's board

Kurien, Chokhani quit Zee Entertainment board a day before AGM

Voting advisory firm Institutional Investor Advisory Services surveyed 'sell-side' analysts to get a sense of their views on various governance practices in the current environment

While criticising warring IndiGo promoters Rahul Bhatia and Rakesh Gangwal for not attending board meets frequently, IiAS has also made a case for more independent directors on the board

The ratio of CEO-pay to median employee pay, at 62 times, is among the lowest across sectors

The current combative conversation between Tata Sons and Cyrus Mistry is a distraction from the core issue, proxy advisory firm feels

Tata Sons has stated it is beneath its dignity to engage in a public spat on the allegations made by Cyrus Mistry in his email