Silence of the lions: Did Ambuja Cements’ star independent directors speak up for its shareholders?


Image credit score: @AmbujaCementsRestricted.Official by way of Facebook

Synopsis

The lack of info on overview of choices taken by administration and failure to ask the proper questions irk proxy advisors. In its AGM tomorrow, will Ambuja’s shareholders, together with LIC, search solutions from the firm’s independent directors on the seven-year-old restructuring that did not ship the promised outcomes?

When former HDFC government and veteran of many blue-chip boardrooms, Nasser Mukhthar Munjee, first grew to become director of Ambuja Cements, Atal Bihari Vajpayee was India’s Prime Minister. The dot-com bubble had began going bust, and 9/11 was nonetheless a number of weeks away. Ronaldo (not Cristiano) was nonetheless plotting his revenge on ‘Zizou’ for the loss in the 1998 soccer World Cup in France. Rishabh Pant was solely 4 years outdated — maybe in want of a

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