KKR rebuts InGovern’s charges; says independent director slot ‘pre-dates’ its share-pledge enforcement

Corporate governance advisory firm InGovern questioned the roles of various stakeholders in CG Power — the Board, key management personnel, internal auditors, bankers to the company, lenders to the holding company, statutory auditors, promoters and other group companies, which had caused shareholder value erosion.

https://www.thehindubusinessline.com/companies/kkr-clarifies-that-as-shareholder-of-cg-power-it-is-within-its-rights-to-engage-with-board-shareholders/article30849842.ece