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Will Siemens India Please Learn?!

Published on Wed, Jan 21,2015 | 20:11, Updated at Thu, Jan 22 at 17:26Source : Moneycontrol.com 

Shareholders of Siemens India were pleasantly surprised at the engagement levels brought on by the company when it once again presented a resolution for the sale of its Metals Technology business that was defeated earlier. Investors lauded the new levels of transparency from a company that was previously stingy with disclosures. Did Siemens India begin to recognize shareholder rights and respect minority shareholders, or was the effort targeted only towards getting the resolution passed? The recent AGM notice presented by Siemens Limited contains insufficient disclosures for some resolutions, suggesting that the company has gone back to its old ways- says proxy advisory firm IiAS.

In response to this report by IiAS, Siemens Ltd sent its response to ‘The Firm’. Click on the attachment- Statement on queries- to read more.

Disclaimer: The information/opinions expressed in this report/newsletter are those of the author. This website has not verified the accuracy of the claims made in the report/newsletter, nor does it agree or disagree with, or endorse any information/opinions contained therein.

Attachments : F1.0 Siemens AGM 30 January 2015.pdf
Attachments : Statement on queries_January22.pdf
 
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