Key Points
ZEE's MD and CEO Puneet Goenka has decided to take a voluntary 20 per cent cut in his remuneration, the company said on Tuesday..
"Frugality, Optimization, and a sharp focus on quality content are the three key tenets of the plan implemented by Goenka to drive the company to the targeted goals; and the above-mentioned voluntary decision, is in line with this approach," Zee said in an exchange filing...
"It is imperative to adapt as per the situation and at this point in time, 'Accountability & Agility' is the need of the hour...I must add that this voluntary decision is limited to me on a personal front," the CEO said.. Goenka's decision has been submitted to the Nomination and Remuneration Committee of the Board and the Chief Financial Officer...
It is important for leaders to set the right examples, and Mr. Punit Goenka has done the same by taking direct charge of critical (revenue) vertical of the company," he said.. Gopalan said the management of the company is implementing all the required measures across verticals, to optimize the costs and enhance productivity..
You might be interested in
Sony calls board meeting today for Zee merger call as $10 bn deal stares at termination unless last-minute
19, Jan, 24People close to Sony said the multinational has offered Punit Goenka the role of advisor at the new company, but said he should not be on the board, pending regulatory investigations. As of now, Goenka as boss of new merged co, failing financial health, unmet conditions are being seen as key hurdles to the deal going through.
Ceats Anant Goenka resigns to focus on group; Arnab Banerjee to take over
20, Mar, 23Tyre maker Ceat Ltd on Monday said its Managing Director and CEO Anant Goenka has resigned to focus on group activities and has been named as its Vice Chairman
Taking appropriate legal advice on SEBI order against Subhash Chandra, Punit Goenka: ZEE Chairman
13, Jun, 23Zee Entertainment Enterprises Limited (ZEEL) Chairman R Gopalan on Tuesday said that ZEEL's Board of Directors has noted the interim ex-parte order issued by the Securities and Exchange Board of India (SEBI), with respect to Subhash Chandra and Punit Goenka. He said the board is in process of reviewing the detailed order, and taking appropriate legal advice.