Shareholders reject Tata Motors\' proposals on remuneration
July 4, 2014
In what could be termed as the new kind of shareholder activism, Tata Motors\' stakeholders, including institutional shareholders rejected to ratify excess remuneration of about Rs20.28 crore to its executive directors
Moneylife Digital Team
Tata Motors Ltd, the country\'s largest vehicle maker, received a kind of set back, when public shareholders, including institutional investors rejected the company\'s proposals to increase remuneration of its executive directors, including its erstwhile managing director Karl Slym, due to the fact that the company may not have adequate profits for FY14.
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