Carlsberg India s partner seeks better governance in joint venture
Since at least 2019, the partner, Nepal-based Khetan Group, and Carlsberg have been embroiled in a commercial dispute, amid an internal inquiry into the brewer s local practices that sparked a boardroom battle Carlsberg is also under scrutiny from India s antitrust authority (Source: Reuters) Reuters
Updated Aug 04, 2021, 2:25 PM IST
Carlsberg s warring partner in its India joint venture urged the Denmark-based brewer on Wednesday to boost governance standards, saying it has had grave concerns for years over operations in the south Asian nation.
Since at least 2019, the partner, Nepal-based Khetan Group, and Carlsberg have been embroiled in a commercial dispute, amid an internal inquiry into the brewer s local practices that sparked a boardroom battle.
Carlsberg s India partner demands governance overhaul
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Carlsberg India joint venture partner wants boost in governance standards
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Carlsberg’s probes reveal details of ‘potential’ unethical practices at India arm
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The maker of Tuborg also clarified it had also identified a case involving underage labourers and non-compliant working conditions in a warehouse operated by a third party and terminated their contract in 2018.
Reuters
Three board members of Carlsberg’s Indian unit voted not to approve the latest accounts of FY20, citing lack of clarity on these matters. This is the second financial year where directors have refused to approve the results.
Carlsberg said it found evidence of potential unethical practices in breach of its group policies in India after an investigation conducted during 2019 and 2020, forcing them to strengthen their compliance practices. In its latest global annual report, Carlsberg said the breach was in the period up to 2018. The investigations was done by Shardul Amarchand Mangaldas and and Ernst and Young.