Shareholders of Religare Enterprises Limited will vote on various proposals of the company at its AGM which will take place on February 7, including that of the re-appointment of Rashmi Saluja. Voting will begin from February 4th and the results are expected to be announced on February 7th.
InGovern has advised shareholders of the company to vote against her re-appointment given the current turmoil in the company. We have also raised concerns over the corporate governance practices of the company.
InGovern has raised questions on the effectiveness of governance under the leadership of Rashmi Saluja. We have cited that high executive remunerations paid by the company, compared to peers with similar market valuations, raises concerns on governance and impacts the company's reputation negatively.
Our MD’s stance on this matter has been quoted on various media outlets like Business Standard and The Hindu Business Line
Read the full articles here: https://www.business-standard.com/companies/news/proxy-advisors-oppose-rashmi-saluja-s-reappointment-at-religare-enterprises-125020300980_1.html
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