Raymond shareholders approved reappointing Gautam Singhania as Chairman and Managing Director for a five-year term despite advice against it.
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Proxy advisory firm Iias recommends voting against Gautam Singhania's 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 Singhania's proposed remuneration structure for exceeding regulatory limits and being higher than peers, which could reach Rs 35 crore.
Raymond shareholders approved reappointing Gautam Singhania as Chairman and Managing Director for a five-year term despite advice against it.
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