MOHANDAS PAI TAKES AN EQUITY STAKE IN INGOVERN RESEARCH SERVICES PVT. LTD.
Bangalore, India – February 22, 2012, 1700 hrs IST: InGovern Research Services Pvt. Ltd. (InGovern), India’s first proxy advisory services company, is happy to share that Mr. Mohandas Pai has taken an equity stake in the company and will be on its advisory committee.
“We are delighted that Mr. Mohandas Pai is endorsing the concept of proxy advisory and corporate governance services. His expertise, domain knowledge and relationships will help InGovern catalyze better corporate governance in India” remarked Mr. Shriram Subramanian, the MD and Founder of InGovern welcoming Mr. Pai.
Mr. Shankar Jaganathan, Advisor to InGovern, also welcomed Mr. Pai and noted:”Mohan has entered the 3G of Corporate Governance. In the first phase, his critical analysis of listed companies brought focus on good corporate governance. In the second phase in Infosys, he epitomized good governance and in this third phase he can shape the contours of good corporate governance which is critical in attracting retail investors to the equity markets.”
Explaining the rationale for his investment, Mr. Mohandas Pai noted:”I believe India needs to create a strong ecosystem for good corporate governance. Treating minority shareholders fairly is a critical step in building a strong equity markets. InGovern has pioneered proxy advisory services and corporate governance research in India, which strengthens the ecosystem and provides a good platform to ensure fair treatment for minority shareholders.”
For more details, please contact:
InGovern Research Services Private Limited
InGovern Research Services Pvt. Ltd. (InGovern) is India’s first proxy advisory firm assisting institutional investors – mutual funds, insurance companies, foreign institutional investors – that have financial or reputation exposure to public listed companies in India. Our services include: Corporate Governance Research and Proxy Advisory Services. InGovern was founded with the objective of enhancing the corporate governance culture in India, and enhancing shareholder activism of institutional investors. Research and Vote Recommendations are based on objective criteria – Governance Radar – comprised of over 400 criteria. This is a part of InGovern’s pioneering efforts at promoting shareholder activism among institutional investors in India.
About Mr. Mohandas Pai
Mr. Mohandas Pai is an expert on corporate governance and accounting. Mr. Pai is currently Chairperson of Manipal Universal Learning. He was Member of the Board and Director-Human Resources, Education and Research and Administration at Infosys Technologies Limited. Mr. Pai has served as a member of several committees constituted by the Government of India, the Reserve Bank of India and SEBI, and served on the Board of SEBI. He is also a trustee of the International Accounting Standards Committee Foundation, the body that oversees the International Accounting Standards Board. He won the Best CFO in India award from Finance Asia in 2002, and Best Chief Financial Officer in India in the Best Managed Companies poll conducted by AsiaMoney in 2004. He is a Fellow Chartered Accountant (FCA) and Law graduate.
The full press release can be downloaded from this link: Press Release – Mohandas Pai invests in InGovern – 22Feb2012