As shareholders of TVS Motor Company decide on the resolution for the reappointment of Mr. Venu Srinivasan, InGovern has recommended that they vote against it.
InGovern has raised concerns over the duplication of the Managing Director (MD) role in the company, with both Mr. Srinivasan and his son, Mr. Sudarshan Venu, holding the title. This duplication raises the possibility of a dual power structure, which could impact clarity in the chain of command.
The window for shareholders to vote on the resolution to reappoint Mr. Venu Srinivasan opened on 20th February and closes on 21st March.
InGovern’s views on this matter have been quoted in an article on Mint.
Read the full article here: https://www.livemint.com/companies/venu-srinivasan-reappointment-proxy-advisory-firms-dual-role-title-conflict-tvs-motor-sebi-bajaj-autos-11742218436213.html
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