Malcolm Frank, executive vice-president, strategy and marketing, Cognizant, believes shareholder activism that the industry has seen in recent times is a result of the drastic changes in the sector and its impact on business. In an interview with Shivani Shinde Nadhe & Ayan Pramanik, he spoke about the reasons for this, and also acquisitions, automation and US regulatory changes. Edited excerpts:
At a time when the sector is seeing tech disruptions, we also see instances of shareholder activism. Cognizant, too, had a similar experience last year. Why do you think shareholders are getting into the activist avatar?
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