{"id":439156,"date":"2021-09-30T08:31:36","date_gmt":"2021-09-30T03:01:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=439156"},"modified":"2021-09-30T09:38:09","modified_gmt":"2021-09-30T04:08:09","slug":"reliance-industries-backs-saudi-aramco-chairman-as-independent-director-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-industries-backs-saudi-aramco-chairman-as-independent-director-2\/","title":{"rendered":"Reliance Industries backs Saudi Aramco chairman as independent director"},"content":{"rendered":"<p>Reliance Industries Ltd 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.<\/p>\n<p>The California State Teachers&#8217; Retirement Fund (CalSTRS, 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&#8217; recommendation, Business Standard had reported last week.<\/p>\n<p>The voting to confirm Al-Rumayyan&#8217;s appointment for a period of three years will end on October 19.<\/p>\n<p>In a stock exchange filing, Mukesh Ambani-led RIL said the appointment will &#8220;help strengthen the Board&#8217;s diversity and skill-sets and benefit Reliance through the transition from oil to chemicals and the aim to achieve Net Carbon Zero by 2035&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries Ltd 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&#8217; Retirement Fund (CalSTRS, 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&#8217; recommendation, Business Standard had reported last week. The voting to confirm Al-Rumayyan&#8217;s appointment for a period of three years will end on October 19. In a stock exchange filing, Mukesh Ambani-led RIL said the appointment will &#8220;help strengthen the Board&#8217;s [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-439156","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/439156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=439156"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/439156\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=439156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=439156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=439156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}