IiAS against Anant on Reliance board

Proxy advisory firm IiAS has recommended that institutional investors should vote against the appointment of Anant Ambani on Reliance Industries Ltd’s (RIL’s) board, citing his age as the reason. The firm has, however, given its green light to the appointment of Anant’s elder siblings – Akash and Isha. In its recommendation note, IiAS said, “At 28 years of age, his appointment as a non-executive, non-independent director does not align with our voting guidelines.”