Zee board backs former directors, condemns 'baseless' allegations

The board stands by and strongly condemns the allegations made by certain proxy advisory firms against its former directors, Ashok Kurien and Manish Chokhani, said the company

The board of Zee Entertainment Enterprises Ltd (ZEEL) on Thursday backed two of its former directors, Ashok Kurien and Manish Chokhani, who are facing allegations of corporate governance lapses by proxy advisory firms and had quit just two days before the annual general meeting held on Tuesday.  

In a statement, Zee said the speculations disparaging the contribution of the two directors are baseless and arise out of inadequate understanding of the industry. "The decisions taken by board committee members and the entire board are being wrongly attributed to individual directors without any basis," the company said in a statement.
 

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