Proxy advisor SES favours 'no' vote on many PSU resolutions

While recommending to vote against the financials of PSUs such as Housing and Urban Development Corporation (Hudco), NMDC, National Aluminum Company (Nalco), IRCTC, Bharat Electronics (BEL), BPCL, and NTPC, among others, the advisory firm said that the composition of the audit committee of these companies does not comply with securities laws and the Companies Act.

via Economictimes

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