Sep 14, 2021 10:47 PM IST
Zee's shares surged a stellar 40% as company's shareholders are seeking removal of CEO Punit Goenka. Two directors Ashok Kurien and Manish Chokhani resigned from the board as proxy advisory firm IiAS raised serious corporate governance issues.
In an exclusive interaction with the Founder of IiAS, Anil Singhvi, Moneycontrol’s Karunya Rao examined the key reasons that prompted the advisory firm to warn Zee’s shareholders and what Singhvi thinks will be the way forward for the company.
- Sep 14, 2021 08:25 PM IST
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
- Apr 21, 2021 09:27 AM IST
In the seventh edition of its study on the association between the timing of AGMs of Nifty 500 companies and their financial performance, the advisory firm continues to contend that the rationale offered by many companies for delaying their AGMs due to their ‘large size and complex business’ is untenable.
- May 25, 2020 06:25 PM IST
The immediate reaction from Institutional Investor Advisory Services (IiAS) is the invite that SBI has sent out to shareholders for an EGM on June 17 amidst COVID-19 pandemic, as the State Bank of India Act of 1955, which created it, does not envisage or allow it to hold the extra-ordinary general meeting digitally/electronically or even an e-voting.
- May 25, 2017 12:41 PM IST
Raymond is in focus as the company has presented a resolution at its annual general meeting (AGM) to make an offer to sell premium real estate to its promoters at throw-away prices. The Institutional Investor Advisory Services (IiAS) has recommended that the shareholders should vote against this resolution.
- Apr 15, 2017 03:27 PM IST
While promoters of Infosys, most notably Narayana Murthy, have voiced concerns over the above-normal payout given to its top executives, Infosys’ performance in Q4 of last fiscal year was uninspiring.
- Mar 23, 2017 09:58 AM IST
"In allowing an equal relationship with Idea, Vodafone should have commanded a premium and better quality of control. But, the deal contours favour Idea Cellular," the report said.
- Feb 15, 2017 08:39 AM IST
Corporate governance standards at Infosys had begun slipping prior to the appointment of CEO Vishal Sikka, said a report by proxy advisory firm Institutional Investors Advisory Services.
- Dec 14, 2016 11:19 AM IST
peaking to CNBC-Tv18 Amit Tandon of IIAS said that the voting pattern at TCS which removed Cyrus Mistry reflects the conversation on the Street.
- Sep 26, 2016 10:08 AM IST
The minority shareholders including KKR, Goldman Sach and Kotak, which has over 25 percent stake in the company, has given a green signal to pay the non-compete fee.
- Sep 19, 2016 01:04 PM IST
Rationale behind the non-competent fees is unclear, says Amit Tandon, Founder and Managing Director of IiAS. The minority shareholders will also have to bear part of the expense.
- Feb 26, 2016 11:07 PM IST
USL Breaks Away From Mallyaâ€¦
- Feb 18, 2016 03:26 PM IST
Proxy advisory firm IiAS today said the payout amount translates to around 21 percent of the 32 companies' pre-royalty pre-tax profits.
- Jan 27, 2016 10:19 PM IST
Dil Maange Rs 200 bn More Dividends?
- Nov 24, 2015 09:25 PM IST
An Open Letter To Maruti‘s Shareholders
- Nov 24, 2015 05:18 PM IST
IiAS's open letter to shareholders says that if the resolution is passed, then the shareholders of Maruti would be subservient to Suzuki‘s shareholders.
- Nov 24, 2015 03:29 PM IST
In an interview with CNBC-TV18, Amit Tandon, MD at IiAS says that Suzuki‘s proposal of opening a manufacturing plant at Gujarat will hamper with Maruti‘s operations.
- Oct 20, 2015 07:53 PM IST
Over the past 15 years, royalty paid to Suzuki, has grown 6.6x to Rs 21,415 per car sold, while average sales realisation per car has increased only 1.6x.
- Oct 20, 2015 05:29 PM IST
Royalty Flows In Suzuki‘s Blood
- Aug 21, 2015 10:30 PM IST
RPTs: Taking Shareholders For Granted?
- Jun 11, 2015 11:39 AM IST
Amit Tandon, MD of IIaS says at the moment both the companies have taken a big hit given where we are on the commodity cycle and on the oil and gas cycle. "So, the merger is not from a position of strength for either of them," he adds.
- Apr 09, 2015 10:38 PM IST
Amit Tandon, Founder, IiAS, says waiting six years for a judgement for a self confessed crime is an incredibly long wait.
- Apr 07, 2015 09:40 AM IST
The findings also come at a time when many companies have lined up plans for initial share sales. According to the firm, if one is to go by past trends, there is more than a two-third chance that investors would have made higher returns by investing in fixed deposits rather than in IPOs.
- Jan 12, 2015 04:28 PM IST
Reports say that mining baron Anil Agarwal is mulling merging Cairn and Hindustan Zinc into his flagship Vedanta Group firm Sesa Sterlite to create a global natural resources giant to rival Rio Tinto or BHP Billiton.
- Dec 01, 2014 06:00 PM IST
United Spirits was under pressure after minority shareholders rejected 9 proposals, which are related party transactions resolutions at its Extraordinary General Meeting. However, sources tell CNBC-TV18 that the company is hopeful of re-approaching shareholders on the matter.