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When did you last witness shareholders of a company uniting and voting against the reappointment of Managing director, CEO, Board of directors and even the auditors all in a meeting?
@Dinesh_Sairam @gvkreddi
#investors #investoractivism
@Dinesh_Sairam @gvkreddi
#investors #investoractivism
Well, this is exactly what happened recently in case of Lakshmi Vilas Bank. The shareholders actively voted against the reappointment of the managing director and chief executive, as well as seven directors and auditors, at the recent annual general meeting (AGM).
Let us have a look at the rich history of LVB.
