This refers to the editorial "A rare victory" (March 17). The Companies Act 2013 has put in an impressive framework for making companies more accountable to its shareholders, but the provisions on corporate governance will have teeth only if shareholders start exerting their rights. The particular case of Maruti Suzuki has paved way for shareholder activism to take its roots in India. Generally, investors turn active only when a company starts failing on the stock markets or in its financial performance. Instead it would be better if analysts and financial planners that track firms also provide insights on shareholder activism to the investors. For shareholders, their investment in an organisation must mean something more than just the interest and dividend earnings.
Vivek George Alappuzha
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