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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