Ambani scions get shareholder nod for Reliance board position orissapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orissapost.com Daily Mail and Mail on Sunday newspapers.
Billionaire Mukesh Ambani s three children won approval of shareholders for being part of the board of Reliance Industries Ltd, setting in motion a succession plan at India s most valuable company.
While twins Akash and Isha, 32, got more than 98 per cent of the votes for a board seat, Anant, 28,
Reliance: Proxy firms Institutional Shareholder Services Inc. (ISS) and Institutional Investor Advisory Services (IIAS) have recommended that shareholders vote against the induction of Anant Ambani, the youngest son of Reliance Industries Chairman Mukesh Ambani, to the company s board. ISS cited Anant s limited leadership and board experience as a concern. However, Reliance defended Anant s appointment, stating that he has relevant experience and maturity.
Mukesh Ambani’s youngest son Anant Ambani was appointed on the Reliance board of directors, but the proxy advisors of the company are not happy with the decision.
Ambani s Youngest Son, Anant, Faces Proxy Firms Pushback on Board Seat bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.