Damodaran clashes with proxy firms over board ethics settlement and seven year old report claims

Published on 24 April 2026

Proxy firms question his board appointment after governance settlement

A governance settlement mechanism meant to close serious lapses is now under scrutiny as proxy advisory firms raise concerns about Damodaran’s board appointment. Damodaran sharply criticizes the firms, questioning their relevance, the structure of their arguments, and their reliance on recommendations from a seven-year-old working group report.

Proxy advisory firms flagged concerns over Damodaran’s board appointment
A settlement mechanism for governance lapses is now facing closer review
Damodaran disputes the proxy firms’ basis, including a seven-year-old report
The dispute centers on ethics and governance recommendations

#board appointments #sebi #proxy firms #corporate governance #sustainability

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Damodaran clashes with proxy firms over board ethics settlement and seven year old report claims

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