bearish

Indusind Bank

Need to Reactivate the Stakeholders’ Relationship Committee in the Wake of the IndusInd Bank Fiasco

288 Views04 Dec 2023 03:18
SUMMARY
  • The rejection by shareholders of an independent director's re-appointment reveals the growing influence of proxy advisory firms on institutional investors
  • Indian corporate boards appear ill-prepared to engage with stakeholders to provide valuable feedback
  • Stakeholders Relationship Committee of the Board needs to reactivated and re-oriented to engage with stakeholders to improve governance
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