Comments on: Whither shareholder activism?

By: hitesh

hitesh — Wed, 23 Jul 2008 04:09:56 +0000

the article really shows the “lack of utility” of these shareholdes meetings and unawareness of the shareholders at large of their powers.

By: mesa merchant

mesa merchant — Sun, 20 Jul 2008 14:15:25 +0000

Let Ambanis, Tatas, and Birlas go away. Even the Registrars to the public issues take a long time to answer the queries.
The need of the hour is to form a share holders associations for each company. Only the select five members should attend the AGM and discuss the various shareholders issues.
Attending AGM in hordes is just a tamasha used by the board of directors to show their image in press and public.

By: venkat

venkat — Sat, 19 Jul 2008 15:44:18 +0000

dictatorial approach, of Elder ambani..Dhirubhai is better in so many ways.. The younger lot of ambanis are busy in fighting among themseleves…

By: Eclectic Investor

Eclectic Investor — Fri, 18 Jul 2008 13:28:42 +0000

This is the cheap Gujarati culture perpetrated by the Amabanis and other such companies, where the CEO is venerated as a God.

Recently, a shareholder questioned Mukesh Ambani about his $1 billion home, funded by Reliance, and his gifting his wife a corporate jet.

Amid jeers from other shareholders, who heckled this person, Mukesh told him: If you do not like the company, sell the shares.

Frankly, this Gujarati culture is endemic in the entire state. Although waning, as younger and more savvy investors and traders enter the markets, we will see this culture die.