The board of ZEE Entertainment Enterprises Limited has come out in support of its former Non-Executive Directors, Ashok Kurien and Manish Chokhani.
Exchange4Media reports that the two had been hit by allegations made by certain proxy advisory firms. The report adds that the two were accused of misgovernance, non accountability for losses, wrongful high compensation of ZEE Managing Director Punit Goenka as well as failure to deal with governance concerns.
R Gopalan, Chairman, ZEE Entertainment Enterprises Ltd. said, “The Board of ZEE Entertainment Enterprises Ltd. unanimously applauds. Ashok Kurien and Manish Chokhani, commending their professional conduct during their association with the Company. It has been our privilege to have such esteemed members as part of the Board, and their contributions towards the Company remain significant. As someone who sowed the seeds of ZEE, Ashok Kurien played a key role in steering the Company to newer heights with his contribution arising out of deep understanding and knowledge of the Media Industry. His vast expertise of 35 years in the Industry has been instrumental in building ZEE as a leading entertainment brand and a creative content company not only in India but across the globe. As one of India’s most respected financial experts and investors, Manish Chokhani’s astute management skills coupled with his analytical abilities have been of tremendous value to the Board Chokhani has always been steadfast in his support towards ZEE and has guided the leadership team to higher success by setting new standards of performance excellence. On behalf of the entire ZEE family, I would like to thank Kurien and Chokhani for their guidance and support, and we wish them success in every future endeavour.”
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