Exclusive: Samir Modi, ED, Godfrey Phillips On Upcoming AGM, Family Dispute

Amid a fierce boardroom battle at Godfrey Phillips India, proxy advisory firms Institutional Investor Advisory Services (IiAS) and ISS have advised shareholders to vote against the reappointment of Bina Modi as Managing Director. The upcoming Annual General Meeting (AGM) on September 6 will be pivotal, as shareholders decide on Bina Modi’s reappointment. ISS has raised concerns about her ability to commit sufficient time to the role, given her position as Chairman and Managing Director of Indofil Industries Ltd. Additionally, the advisory firm noted that Bina Modi's remuneration, while competitive within the industry, may not align with the company’s size and scale, potentially creating conflicts of interest. Tobacco major Godfrey Phillips faces a critical juncture as it navigates leadership and governance challenges amid a prolonged family dispute. Catch an exclusive interview with Samir Modi, Executive Director of Godfrey Phillips, with Business Today TV Managing Editor Siddharth Zarabi.