Vote against Singhanias re-election to Raymond board - Qoneqt
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    Vikshita Vitthal Gujaran in India

    19 Jun 04:43 AM


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    Vote against Singhanias re-election to Raymond board

    Proxy advisory firm Iias recommends voting against Gautam Singhanias reappointment to Raymond board due to allegations of domestic violence and misuse of company funds. Shareholders to decide at annual meeting on June 27. Iias criticizes Singhanias proposed remuneration structure for exceeding regulatory limits and being higher than peers, which could reach Rs 35 crore.