‘Unconscionable’ Adani conduct draws advisory
The Hindu
Proxy adviser flags risks to investors
Proxy advisory firm Glass Lewis has recommended shareholders vote against the re-election of a member of Adani Enterprises’ risk committee after an Australian court criticised “unconscionable conduct” in its Australian port business. Adani Enterprises’ Australian unit has been involved in a controversial project to develop the Carmichael mine in Queensland to sell thermal coal into India. But it was a decision by the Queensland Supreme Court that found that Adani’s coal export terminal engaged in monopolistic business practices that prompted Glass Lewis’ recommendation.More Related News
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