Shareholder Activism and Role of Proxy Advisory Firms in India
Lead author · Corresponding
Aashi Shah
Student at SVKM's Pravin Gandhi College of Law, Mumbai, India
Abstract
Historically speaking companies in India have undermined the interests of shareholders over that of the promoters. Due to the impetus given by the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, shareholder activism gained some momentum in India. Moreover the advent of Proxy Advisory Firms (PAFs) have greatly contributed to shareholder activism. The author through this article has focused on the statutory provisions empowering the concept of shareholder activism in India as well as the role of PAFs.
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