Board seat: Mukesh Ambani’s son Anant faces pushback

Institutional Shareholder Services (ISS) has advised shareholders to vote against the appointment of Mukesh Ambani’s youngest son, Anant Ambani, to the board of Reliance Industries. ISS cited concerns over Anant’s limited leadership experience as the reason for its recommendation. This echoes the views of another advisory firm, Institutional Investor Advisory Services (IIAS), which also objected to Anant’s appointment. The board appointments will be decided by a shareholder vote on October 26.