<p>Reliance Industries Ltd said on Thursday that a required majority of its shareholders have passed a resolution to appoint Saudi Aramco Chairman Yasir Al-Rumayyan as an independent director to the conglomerate's board.</p>.<p>A little over 98 per cent of the total votes polled on the resolution were in favour of Al-Rumayyan's addition, Reliance said in a statement.</p>.<p>Last month, Reliance said Al-Rumayyan met all regulatory criteria for his appointment as an independent director, pending the shareholder vote on the decision.</p>.<p>That announcement came after media reports of shareholder California State Teachers' Retirement Fund saying it would vote against the move, based on US proxy advisory research firm Glass Lewis' recommendation.</p>.<p>Al-Rumayyan's inclusion was earlier widely seen as part of a process to formalise Reliance's agreement to sell a 20 per cennt stake in its oil-to-chemical business to Aramco for $15 billion. The Indian conglomerate, however, said last month that his appointment has no connection to the deal.</p>.<p>Al-Rumayyan has been the governor of the Public Investment Fund of Saudi Arabia since 2015</p>.<p><strong>Watch latest videos by DH here:</strong></p>
<p>Reliance Industries Ltd said on Thursday that a required majority of its shareholders have passed a resolution to appoint Saudi Aramco Chairman Yasir Al-Rumayyan as an independent director to the conglomerate's board.</p>.<p>A little over 98 per cent of the total votes polled on the resolution were in favour of Al-Rumayyan's addition, Reliance said in a statement.</p>.<p>Last month, Reliance said Al-Rumayyan met all regulatory criteria for his appointment as an independent director, pending the shareholder vote on the decision.</p>.<p>That announcement came after media reports of shareholder California State Teachers' Retirement Fund saying it would vote against the move, based on US proxy advisory research firm Glass Lewis' recommendation.</p>.<p>Al-Rumayyan's inclusion was earlier widely seen as part of a process to formalise Reliance's agreement to sell a 20 per cennt stake in its oil-to-chemical business to Aramco for $15 billion. The Indian conglomerate, however, said last month that his appointment has no connection to the deal.</p>.<p>Al-Rumayyan has been the governor of the Public Investment Fund of Saudi Arabia since 2015</p>.<p><strong>Watch latest videos by DH here:</strong></p>