New Year Message from our MD

Dear Clients & Friends,

The end of another year is almost upon us. Year’s end is neither an end nor a beginning but a going on, with all the wisdom that experience can instill in us. We hope your year has been happy, healthy and prosperous.

History will remember 2011 as the birth of proxy advisory firms in Indian capital markets. This has been a year when InGovern went from an idea to a strong company – and we thank our clients and friends for their support. We added staff, got our first clients, made new friends and our opinions & points-of-view were accepted by many. We are humbled to have so many companies put their faith and confidence in us; pleased to see the growing interest in proxy advisory services; and always honoured when our hard work is recognized by our peers.

Listed below are some events that shaped us through 2011.

  • Broadridge and InGovern announced an alliance to target global institutional investors, the users of ProxyEdge®.
  • BNY Mellon invited us to present at the 6th Annual Depository Issuers’ Conference held at Udaipur, India in November.
  • We are invited by Yale University as a panelist for a Corporate Governance roundtable in Connecticut, USA in the summer of 2012.
  • In May, Tarento Technologies, our technology partner, develops the InGovern corporate governance platform for seamless tracking of vote recommendations and meetings.
  • Asian Corporate Governance Association (ACGA) and Global Proxy Watch quoted us in their monthly briefings.
  • Media: CNBC, The Economic Times, Business Standard, Financial Express, Times of India, Financial Chronicle, Corporate Secretary, Moneylife, etc widely quoted us.
  • We engaged with many listed companies – Sun Pharma, ITC, IDFC, Wipro, among others – on our Vote Recommendations to evangelise better governance. As a practice, we share our Vote Recommendations with the companies we research.
  • Our detailed study of 2011 India Proxy Season covering 607 AGMs and over 4500 resolutions was well received by all. There were many participants in the webinar discussing the study. A recording of the webinar and the presentation can be seen at:
  • Many of our publications are accessed by clients and readers: Governance Radar, our monthly newsletter, can be accessed at: Governance Radar is also published regularly at MoneyControl.

There are plenty of bright spots that lead us into 2012. We pledge to serve our clients in India and abroad with renewed enthusiasm. We look forward to making newer friends while strengthening ties with existing friends.

We wish you and your family happy, healthy holidays, and for the New Year: Success, Prosperity, Fun Times, and a Bit of Adventure.

Best wishes,
Shriram S.