Proxy advisory firm flags governance issues at Finolex Cables
The Hindu
Stakeholder Empowerment Services advises shareholders of Finolex Cables Ltd. to vote against several key proposed resolutions at the company AGM on September 29.
Proxy advisory firm Stakeholder Empowerment Services (SES), flagging governance issues, has advised shareholders of Finolex Cables Ltd. (FCL) to vote against several key proposed resolutions at the company AGM on September 29, 2021.
Highlighting that some resolutions contradict each other, it has recommended shareholders to vote against the resolutions for appointment of three directors.
Pune-based FCL has been accused of following an improper process for appointment of directors and putting forth resolutions that do not serve any objective.
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