Eclectic firms from sectors ranging from chemicals and cement, to technology and healthcare have all passed resolutions on related parties in key management positions over the last one year.
An analysis of such moves over the last 12 months from company-tracker Prime Database shows that there were at least nine resolutions about related parties in key management positions, including appointments and changes in compensation. Each of these resolutions was successfully passed.
This is in contrast to the situation faced by Apollo Tyres’ scion Neeraj Kanwar. A resolution for re-appointment did not pass with the requisite majority.
The resolution for his reappointment as managing

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