InGovern Recommends REL investors to vote against Rashmi Saluja's re-appointment

InGovern has advised Religare Enterprises Limited (REL) shareholders to vote against Rashmi Saluja's re-appointment. In our report released over the past week, we raised concerns over Saluja’s annual compensation of almost Rs. 69 crores, which is significantly higher than industry peers. Additionally, the scrutiny over REL reflects poorly on her governance capabilities.

REL’s 40th Annual General Meeting (AGM) is scheduled for December 31, 2024, where shareholders will be voting on three resolutions including Rashmi Saluja’s re-appointment.

Read more  here: https://economictimes.indiatimes.com/industry/banking/finance/banking/vote-against-fresh-term-for-rashmi-saluja-as-religare-director-proxy-advisors/articleshow/116575064.cms

https://www.livemint.com/companies/news/proxy-advisors-call-for-rashmi-salujas-ouster-from-religare-co-backs-her-11734872328884.html