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Zee board backs Ashok Kurien, Manish Chokhani

Statement condemned allegations made by proxy advisors against Chokhani and Kurien.
Zee Shares Surge On Buzz Of Management Rejig; What Should Investors Do? | Explained

Zee Entertainment has found itself in the midst of a boardroom battle days after proxy advisory firm IiAS raised a red flag on the reappointment of two directors, Manish Chokhani and Ashok Kurien, because they were members of the audit and remuneration committees. It also advised against reappointing MD and CEO Punit Goenka. Why did the company’s shares surge over 40% and what are analysts saying, let’s find out!
Zee’s independent directors did not take independent views: IiAS founder Anil Singhvi

According to Singhvi, both Kurien and Chokhani miserably failed as fiduciaries of shareholders. Every shareholder, including the promoters, should look at wealth-creation. If someone else can create better value, then take a back seat and allow them to drive the company, he advocated
Manish Chokhani, Ashok Kurien resign from Zee Entertainment board ahead of AGM

While Chokhani had cited changed circumstances and perspective post COVID, Kurien had reasoned his pre-occupation for the resignation.

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Ashok Kurien

Zee board backs Ashok Kurien, Manish Chokhani

Zee Shares Surge On Buzz Of Management Rejig; What Should Investors Do? | Explained

Zee’s independent directors did not take independent views: IiAS founder Anil Singhvi

Manish Chokhani, Ashok Kurien resign from Zee Entertainment board ahead of AGM