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Chanda Kochhar to face ICICI Securities shareholders today at AGM

The resolution comes in the face of the conflict of interest for clearing loans to Videocon group which, in turn, invested in Nupower Renewables, a firm owned by Kochhar's husband

ICICI Bank MD & CEO Chanda Kochhar
ICICI Bank MD & CEO Chanda Kochhar

ICICI Securities shareholders will vote on ICICI Bank MD & CEO Chanda Kochhar's candidature as a director at the annual general meeting in Mumbai on Thursday. The resolution comes in the face of the conflict of interest  for clearing loans to Videocon group which, in turn, invested in Nupower Renewables, a firm owned by Kochhar’s husband, Deepak Kochhar. The allegations are being investigated by Sebi, the CBI and the I-T department. Here are some proxy firms’ recommendations: Glass Lewis:  Vote: AGAINST   "There are significant legal and ...