 "independent directors, board, management")
Proxy advisory firm Institutional Investors Advisory Services (IIAS) has raised fresh corporate governance concerns at Zee Entertainment Enterprises by asking shareholders not to vote for re-appointing independent directors Ashok Kurien and Manish Chokhani on the company's board.
Asking shareholders to vote against the proposal to re-appoint Ashok Kurien on Zee Entertainment board, IIAS said Kurien was the founder of the Zee group and while the company has reclassified him as a non-promoter, no requisite regulatory filings or shareholder approval was sought for the same, and hence it classifies him as a promoter.
“Kurien was a member of the
Asking shareholders to vote against the proposal to re-appoint Ashok Kurien on Zee Entertainment board, IIAS said Kurien was the founder of the Zee group and while the company has reclassified him as a non-promoter, no requisite regulatory filings or shareholder approval was sought for the same, and hence it classifies him as a promoter.
“Kurien was a member of the
