New Delhi:  Diageo’s shareholders were advised to hold the board accountable for its inability to “break free” from the strangle hold of Vijay Mallya, who resigned as chairman from the global brewer-controlled USL.

“While USL’s shareholders have been short-changed, the decision to untangle the company from the UB group is in their long term interest…”Diageo is picking up the tab for this exit, but Diageo’s shareholders must hold board accountable for its inability to break free from the Mallya stranglehold,” Proxy advisory firm IiAS said in a report.