Corporate governance in India and regulatory laws: a study in the context of shareholder activism
By: Aneja, Arti
.
Material type: 
BookPublisher: Bihar Journal of Public Administration Description: 21(2s), Jul-Dec, 2024: p.493-508.Subject(s): corporate governance, shareholder activism, Companies Act, 2013, SEBI regulations, IndiaSummary: Imagine a corporate landscape where shareholders, armed with both information
and infl uence, reshape governance structures to prioritize transparency,
accountability, and sustainability. This research delves into shareholder activism
in India, focusing on its evolution, driving forces, and practical impact.
Beginning with a historical overview, the paper explores regulatory milestones
and the foundational role of the Companies Act, 2013, and SEBI’s guidelines. We
examine engagement mechanisms, from proxy advisory fi rms and voting rights
to the infl uence of class action suits, using cases like the Jindal Poly Films suit
to highlight the real-world implications. Emerging trends such as ESG-focused
demands, institutional investor engagement, and the role of digital platforms
underscore the shift towards a more transparent and inclusive corporate culture.
Challenges such as regulatory constraints, corporate resistance, and cultural
barriers are discussed alongside future opportunities. Ultimately, the paper
underscores the transformative potential of shareholder activism in driving
corporate accountability and advocates for a stronger framework to support
shareholder infl uence in India’s evolving governance landscape. The present
research suggests actionable reforms to empower shareholders and shape
responsible corporate practices. - Reproduced
http://www.iipabiharbranch.org/upload/BJPA%20Vol.%20XXI%20No%202(S).pdf
| Item type | Current location | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|
Articles
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Indian Institute of Public Administration | Available | AR136442 |
Imagine a corporate landscape where shareholders, armed with both information
and infl uence, reshape governance structures to prioritize transparency,
accountability, and sustainability. This research delves into shareholder activism
in India, focusing on its evolution, driving forces, and practical impact.
Beginning with a historical overview, the paper explores regulatory milestones
and the foundational role of the Companies Act, 2013, and SEBI’s guidelines. We
examine engagement mechanisms, from proxy advisory fi rms and voting rights
to the infl uence of class action suits, using cases like the Jindal Poly Films suit
to highlight the real-world implications. Emerging trends such as ESG-focused
demands, institutional investor engagement, and the role of digital platforms
underscore the shift towards a more transparent and inclusive corporate culture.
Challenges such as regulatory constraints, corporate resistance, and cultural
barriers are discussed alongside future opportunities. Ultimately, the paper
underscores the transformative potential of shareholder activism in driving
corporate accountability and advocates for a stronger framework to support
shareholder infl uence in India’s evolving governance landscape. The present
research suggests actionable reforms to empower shareholders and shape
responsible corporate practices. - Reproduced
http://www.iipabiharbranch.org/upload/BJPA%20Vol.%20XXI%20No%202(S).pdf
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