Past connection between Tata Steel director and auditor irks proxy firm

SES asks shareholders to vote against PwC as auditor and its former chief as independent director

Corporate governance advisory entity Stakeholders’ Empowerment Services (SES) has objected to two resolutions put up by Tata Steel, regarding appointment of statutory auditors and an independent director, citing a past professional relationship. These are on the agenda for shareholder approval at the annual general meeting (AGM) on Tuesday
 
SES has asked shareholders to vote against resolutions to appoint Price Waterhouse & Co Chartered Accountants LLP, as statutory auditors, and to approve the appointment of Deepak Kapoor, former chairman of PwC India, as an independent director (ID).
 
A Tata Steel spokesperson declined to comment.
 
While there are arguments