IIAS Votes Against 2 IDs
Published on Wed, Aug 08,2012 | 19:13, Updated at Wed, Aug 08 at 19:16Source : Moneycontrol.com
In this report proxy advisory firm IIAS recommends shareholders vote against the reappointment of 2 Independent Directors.
'Shareholders must note that S Bhargava is on the board of nine companies (including TML) and Mr. Munjee is on the board of 15 companies (including TML), most of which are very large listed entities. IIAS believes that the board of a Sensex / Nifty company such as Tata Motors requires focus and sufficient time from all its members to be able to carry out its functions effectively.'
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