The SEBI has maintained that it has addressed several concerns raised by the Expert Committee. The petitioner, meanwhile, has highlighted that contrary to public perception, no clean chit has yet been given to Adani.
Institutional shareholders are increasingly voting against resolutions passed by company managements, indicating a growing trend among investors to make their voices heard. In FY23, over 20% of institutional shareholders opposed 1,833 resolutions, a 44% increase over the previous year. For Nifty50 companies, resolutions with over 20% dissenting votes increased by 35% YoY. The rise in advocacy is attributed to mandatory e-voting, stewardship codes, proxy firms, and increased institutional holding. Despite the dissent, the majority of resolutions still passed due to high promoter holding.
Types: Most number of resolutions related to 'Board Changes' at 6,138. This was followed by resolutions relating to the auditors, remuneration and financial results.
The proposal comes after the regulator received requests from high value listed debt entities regarding challenges faced by them in complying with the provision of the LODR Regulations
In 2021, the Nigeria Transfer Pricing (TP) space was impacted by a number of domestic and international developments, which are expected to shape and influence the TP landscape in 2022.