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Article content Glass Lewis rates Adani as having “severe” risk of material financial impacts driven by environmental, social and governance (ESG) factors. “We believe these matters should be concerning to shareholders in how Adani Enterprises’ board oversees risk in operations that may be associated with the globally unpopular Carmichael Mine.” Since only one member of the risk committee was up for reelection, Glass Lewis advised shareholders to vote against nominee Pranav Adani “due to his failure to fulfill his duty to shareholders as a member of the risk management committee.” In a separate note, it also flagged as a concern Adani’s involvement with the development of a port in Yangon, Myanmar which has links to the military.

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