RTI query seeks reasons behind exclusion of shareholders' from company-boards

No shareholder or investor representation in firms including Tata consultancy and Infosys

cmuthusubramaniam

C Muthu Subramaniam | October 23, 2010



I am a Share holder of Tata Consultancy Services, Infosys, Wipro, and Hindustan unilever. 

My Client ID is 1202980000093429.The Board of Directors names are mentioned in their Annual report and also Website where I found that there is no representation of Shareholders / Investors Community in that board of directors list. Also there is no Representation of the following employee levels. i.e.Executive / Middle Management Community. But there is a Representative for Senior Management Community.

I could not understand the reason behind this issue. For instance In Indian Overseas Bank Board structure - There is one representative elected from workman community of the IOB and one representative elected from officers community of the IOB.

Also they have elected one or two members from Shareholders / Investors Community regularly.

I have filed an RTI query  (see attachment below) with the corporate affairs ministry.

Comments

 

Other News

Urban apathy in Mumbai, Maharashtra sees 49% voting

Polling in the fifth phase of General Elections 2024 which commenced at 7 am on Monday simultaneously across 49 PCs recorded an approximate voter turnout of 57.47% as of 7:45 pm. Voters came out in large numbers braving hot weather in many parts of the states that went for polls on Monday.

Voter turnout: Drop from 2019 reduces further

As the voting percentages dropped drastically in the first couple of phases of the ongoing general elections, observers and analysts spoke of ‘voter apathy’ blamed it on a lack of “wave” this time – apart from the heatwave, that is. The latest figures after the fourth phase, h

GAIL reports annual revenue of Rs.1,30,638 crore

GAIL (INDIA) Limited has reported 75% increase in Profit before Tax (PBT) of Rs.11,555 crore in FY24,  as against Rs 6,584 Cr in FY23. Profit after Tax (PAT) in FY24 stands at Rs. 8,836 Cr as against Rs.5,302 Cr in FY23, a 67 % increase. However, revenue from operations registered a fa

Women move forward, one step at a time

“Women’s rights are not a privilege but a fundamental aspect of human rights.” —Savitribai Phule In India, where almost two-thirds of the population resides in rural areas, women’s empowerment initiatives are extremely critical for intensifying l

Why you should vote

What are the direct tangible benefits that you want from the government coming in power? The manifestos of various parties set a host of agendas which many times falls back in materialising the intended gains. Governance failures, policy lapses, implementation gaps, leadership crisis and cultural blockages

How the role of Ayurveda evolved pre- and post-independence

Ayurveda, Nation and Society: United Provinces, c. 1890–1950 By Saurav Kumar Rai Orient BlackSwan, 292 pages, Rs 1,400  

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter