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Investors are pushing back more often against companies’ resolutions on what is paid out to top executives.
In the first four months of financial year 2022-23 (FY23), there have already been five such rejections, according to shareholder voting data from tracker Adrian, a platform maintained by the proxy advisory firm Institutional Investor Advisory Services India (IiAS).
Two of these have been at multiplex chain PVR and direct-to-home company Dish TV India. The Chennai-based Equitas Small Finance Bank also saw a rejected resolution which the company later clarified was on account of an error during the voting process. One
In the first four months of financial year 2022-23 (FY23), there have already been five such rejections, according to shareholder voting data from tracker Adrian, a platform maintained by the proxy advisory firm Institutional Investor Advisory Services India (IiAS).
Two of these have been at multiplex chain PVR and direct-to-home company Dish TV India. The Chennai-based Equitas Small Finance Bank also saw a rejected resolution which the company later clarified was on account of an error during the voting process. One
