Zee CEO says will continue to take steps to safeguard company, its future

Zee Entertainment MD and CEO Punit Goenka on Thursday said he will continue to take required steps to safeguard the company and its future under the guidance of its board, amid the escalating fight with the media major’s largest shareholder Invesco which has called for his removal from office.

Breaking his silence after almost a month since the boardroom war began, Goenka questioned the intention of Invesco while pointing fingers at the investment firm over corporate governance for not making public a proposed deal Reliance Industries earlier.

“Why didn’t Invesco make its plans public earlier?… Does good corporate governance only apply to corporates and not their institutional investors?,” Goenka said in a statement.