Dhanlaxmi Bank shareholders vote to oust chief executive

Shriram Subramanian, founder of proxy advisory firm InGovern, called such decisions by shareholders were rare but said it would make managements more accountable.

“In a way it is a good sign as shareholders have now realised that they have voting powers to make a significant decision,” said Subramanian.

https://in.reuters.com/article/india-banks-dhanlaxmi-idINKBN26L2XY