In an Article named “Private promoters take on govt on investor interest issues” in Business Standard – Smart Investor on 27th March 2012, InGovern’s MD, Shriram Subramanian was quoted as follows:
“Wherever the shareholding concentration is high, the promoters get their way done. To prevent this, in case of related-party transactions, majority shareholders should recuse themselves from voting or as a law their vote shouldn’t be counted,” said Shriram Subramanian, founder and managing director, InGovern Research Services, a Bangalore-based proxy advisory and corporate governance research firm.”Also, the current board structures need lot to be desired. Independent directors should take a stand on what is just and fair for all shareholders,” he added.
The full article can be downloaded from here: Smart Investor – 27th March 2012