Ambani’s Youngest Son, Anant, Faces Proxy Firms’ Pushback on Board Seat
- ISS, IIAS have opposed Anant Ambani’s appointment on the board
- Voting on the shareholder resolution closes on Oct. 26
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Institutional Shareholder Services Inc., an international proxy advisory firm, has recommended that shareholders vote against the proposal to appoint billionaire Mukesh Ambani’s youngest son, Anant Ambani, on the board of the family-controlled Reliance Industries Ltd., underscoring concerns around succession planning at India’s largest company by market value.