Proxy advisory firm Stakeholders Empowerment Services (SES) has raised concerns over the presence of cardiologist Dr. Naresh Trehan as an independent director on the boards of Devyani International and Varun Beverages. Devyani International operates fast-food chains such as Pizza Hut and KFC, while Varun Beverages is a major franchisee of Pepsico. SES advises shareholders of Devyani International to vote against certain resolutions due to a potential conflict of interest. The report questions whether Dr. Trehan’s position on the boards conflicts with his professional stance on promoting healthy lifestyles. Requests for comment from Dr. Trehan and Devyani International remain unanswered.