<|begin_of_text|><|begin_of_text|><|begin_of_text|>New Delhi: Apollo Tyres said on Wednesday its board would seek shareholders’ guidance and independent counsel regarding the compensation for its managing director Neeraj Kanwar, whose reappointment was rejected by shareholders last month.
The company’s board, which<wm> is set to decide on Kanwar’s remuneration for a shorter duration before his retirement age of 55, has decided to keep Kanwar on the board for a shorter period.
APL CEO and Managing Director Apollio Kalra told Zee Business Daily (the sub edition of Zindagi Group of Publications) regarding the issue, "As of the present, the shareholders are in dispute, and as such, we are in continuous negotiation for some time now with the shareholders and their representatives</wm>. We are keeping them informed about all the proceedings which we are making." 
The board, in