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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.'

For more please read attached report.

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 in this report/newsletter.

Attachments : Tata Motors AGM 10 August IIAS Voting Recommendations.pdf
 
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