Two proxy advisory firms have raised flags against certain resolutions proposed by JSW Steel, including fixing remuneration of its managing director Sajjan Jindal, and recommended shareholders vote against them. The advisories by Institutional Investor Advisory Services (IiAS) and Stakeholders Empowerment Services (SES) come ahead of JSW Steel’s AGM on July 20. The e-voting for the resolutions began on July 16 and ends on July 19. “While we support Jindal’s reappointment as managing director, we do not support the proposed remuneration,” IiAS said in its note. “His FY22 remuneration aggregated `140 crore, making him possibly the highest-paid executive in corporate India, …
