Daily BriefsIndia

Daily Brief India: Indusind Bank and more

In today’s briefing:

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


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

By Hemindra Hazari

  • 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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