ET today reported that the proposed move to use 30% of pre-tax profit at PSUs in Gujarat has failed to get the shareholders' nod at GACL. The proposal required approval of three-fourths of shareholders. The proposal failed to muster the necessary votes at GACL thanks mainly to opposition from institutional shareholders.
There has been criticism of the charity move on the ground that it is inimical to the interests of non-government shareholders. But the state PSUs hardly have the profile of a Satyam, so the coverage of the issue has been rather small.
Subscribe to:
Post Comments (Atom)
1 comment:
Charities are created to help people find ways of dealing with situations that can’t be solved in normal ways. With a charity you have the ability of seeing how best to help the different situations get solved. You can support charities in your area by making sure that you provide the support that the charities need
For this reason when you are deciding to support charities you can choose how to help. There are lots of ways that you help the charities. The many different marathons, phone in marathons and fund raising events are good ways to support charities.
Post a Comment