Over 12% shareholders oppose hike for Vedanta Resources top officials
More than 12 per cent shareholders of Vedanta Resources Plc voted against its top deck’s 3-5 per cent salary hike for 2012-13 at the company’s annual general meeting here. Vedanta Board had earlier approved 5.04 per cent salary hike for billionaire Agarwal to £1.475 million for 2012-13, from £1.404 million a year ago. His total remuneration, including salary, for 2011-12 was £1.731 million.
U.K. rights groups protest against Vedanta
Activists of several rights groups held a protest on Tuesday calling for mining group Vedanta Resources, an FTSE 100 company, to be struck off from the London Stock Exchange because of its controversial trade practices and human rights record. Carrying banners and raising slogans against its policies, the protesters gathered outside the venue of the company’s annual general meeting in central London and booed its shareholders as they arrived. Senior Labour MP John McDonnell also joined the protest.
Protesters hold demonstration outside Vedanta’s London annual general meeting
Nearly 100 protesters held a demonstration outside a venue hosting an annual general meeting of mining major Vedanta, demanding an end to British support for the company, accused of malpractices in Odisha.
Amnesty sees red over Vedanta green report
Amnesty International, the UK-based independent human rights watchdog, has flayed Anil Agarwal-controlled Vedanta Resources for publishing a “meaningless and hollow” sustainability report — ‘The Lanjigarh development story: Vedanta’s perspective’ — in the run-up to the company’s annual general meeting (AGM) in London on Tuesday.
Amnesty said it had visited the Lanjigarh area in Odisha, where Vedanta currently runs a million tonne alumina refinery, and the Niyamgiri Hills four times in the last two years to discuss with the local Dongria Kondh community, the affected lot.
Vedanta gets Amnesty rap
The human rights group, Amnesty International, has accused the London-stock-exchange-listed mines and metals major, Vedanta Resources Plc, of glossing over criticisms of its poor human rights record at Lanjigarh in Odisha’s Kalahandi district, where it has set up and is operating a one-million-tonne alumina refinery. Stating that the company has put forward its own account of operations in the report titled ‘The Lanjigarh Development Story: Vedanta’s Perspective’, the London-based human rights watchdog termed it “meaningless and hollow”.