Mumbai, March 18 -- TVS Group supremo Venu Srinivasan's continuation in dual non-executive plus executive roles at flagship two-wheeler maker TVS Motor Co. Ltd has rolled into uncertain territory, with three leading proxy advisory firms recommending that shareholders vote against the resolution for his reappointment.

Two of the firms-Institutional Investor Advisory Services (IiAS) and InGovern-have also flagged the duplication of the managing director's (MD) position in the company, with both Srinivasan and his son Sudarshan Venu holding that title. Venu was appointed MD in February 2022.

The same month, Srinivasan, who was earlier the chairman and managing director of TVS Motor, was redesignated as chairman emeritus-an honorary, non-ex...