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One More Jindal Steel Proposal Faces Proxy Firm Resistance
JSPL's proposal to pay a one-time remuneration to independent directors faces proxy firm resistance.
27 Sep 2021, 02:12 PM IST
Jindal Steel & Power Ltd. is again facing proxy firm ire--this time over a shareholder proposal to pay one-time remuneration to independent directors.International proxy firm Glass, Lewis & Co. and its Indian peers Institutional Investors Advisory Services and Stakeholder Empowerment Services have advised to vote against the resolution at the Sept. 30 annual general meeting. The California State Teachers Retirement Fund has gone with...
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