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Nykaa bonus issue a 9/11 fire alarm for corporate governance, tweets Shyam Sekhar
Market veteran Shyam Sekhar said the FSN E-Commerce Ventures (Nykaa) board decision to declare bonus was a bit odd in terms of intent and timing. In a tweet, the Founder and chief ideator & at ithought Advisory asked what did Nykaa achieve in its business to reward shareholders within a year of listing. So what's so odd about board's bonus decision? The timing raises serious doubts on the intent. Clearly, the independent directors have failed in their duty. Source: BusinessToday #Nykaa
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