4
Rights and Privileges of Shareholders
CHAPTER OUTLINE
- Introduction
- Rights of Shareholders
- Views of Various Committees on the Issue
- Poor Track-record of Shareholder Protection
- Grievance Redressal Process
Introduction
Corporate governance is needed to create a corporate culture of consciousness, transparency and openness. It refers to a combination of laws, rules, regulations, procedures and voluntary practices to enable companies to maximise shareholders’ long-term value. It should lead to increasing customer satisfaction, shareholder value and wealth. Corporate governance deals with a company’s ability to take managerial decisions vis-á-vis its claimants, in particular its shareholders apart from other stakeholders.
Corporate governance ...
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