Reliance backs Saudi Aramco chairman as independent director | Reuters
Reliance Industries Ltd (RELI.NS) said on Wednesday Saudi Aramco Chairman Yasir Al-Rumayyan met all regulatory criteria for his appointment as an independent director, pending a shareholder approval on the decision.
The California State Teachers' Retirement Fund, a shareholder of the Indian conglomerate, had last week decided to vote against the move based on U.S. proxy advisory research firm Glass Lewis' recommendation, BloombergQuint had reported. read more
The voting to confirm Al-Rumayyan's appointment for a period of three years will end on Oct. 19.
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