{"id":439320,"date":"2021-09-30T10:52:21","date_gmt":"2021-09-30T05:22:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=439320"},"modified":"2021-09-30T12:01:27","modified_gmt":"2021-09-30T06:31:27","slug":"reliance-industries-backs-aramco-chairs-board-role-after-investor-dissent","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-industries-backs-aramco-chairs-board-role-after-investor-dissent\/","title":{"rendered":"Reliance Industries backs Aramco chair\u2019s board role after investor dissent"},"content":{"rendered":"<p>Reliance Industries Ltd. defended its plan to appoint Saudi Aramco\u2019s non-executive Chairman Yasir Al Rumayyan as an independent director of the Indian oil-to-retail conglomerate, after some shareholders decided to vote against the move.<\/p>\n<p>California State Teachers Retirement Fund and State Board of Administration of Florida decided to vote against the proposal, following recommendations from proxy advisory firm Glass Lewis that cited Reliance\u2019s plan to sell a 20% stake in its oil-to-chemicals business to Saudi Aramco.<\/p>\n<p>\u201cThe appointment of H.E. Yasir Al Rumayyan has no connection with the contemplated transaction with Saudi Aramco,\u201d Reliance said in an exchange filing Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries Ltd. defended its plan to appoint Saudi Aramco\u2019s non-executive Chairman Yasir Al Rumayyan as an independent director of the Indian oil-to-retail conglomerate, after some shareholders decided to vote against the move. California State Teachers Retirement Fund and State Board of Administration of Florida decided to vote against the proposal, following recommendations from proxy advisory firm Glass Lewis that cited Reliance\u2019s plan to sell a 20% stake in its oil-to-chemicals business to Saudi Aramco. \u201cThe appointment of H.E. Yasir Al Rumayyan has no connection with the contemplated transaction with Saudi Aramco,\u201d Reliance said in an exchange filing Wednesday.<\/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":[130],"tags":[],"class_list":["post-439320","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/439320","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=439320"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/439320\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=439320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=439320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=439320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}