Why proxy firms matter in shaping India's corporate governance path

Critics argue that proxy advisory firms apply criteria that often differ from local regulatory requirements, leading to a lack of uniform recommendations across firms

I work at a proxy advisory firm. Our main task is to analyse resolutions that are put to shareholders to vote, such as financial statements, director appointments, chief executive officer remuneration, employee stock option plans, merger & acquisition transactions, and more, by providing data and independent voting recommendations to investors.

 

We are reaching the end of the FY25 voting season — the four-month period between June and September — when most listed companies in India hold their annual general meetings (AGMs). As expected, this is the busiest time of the year and often brings with it, brickbats and criticism. While