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Post by account_disabled on Dec 23, 2017 6:19:31 GMT -5
Hi, The majority of businesses are in the dominant control of the families. In the context of family owned Indian companies, the promoters' interests often over-shadow those of the shareholders. Moreover, the appointment and removal of an independent director is solely at the pleasure of majority shareholders. Even the Nomination and Remuneration Committee consisting of non-executive directors with the majority comprising of independent directors while making its recommendations has always at the back of its mind that it is the will of the directors holding controlling interest which will prevail. For More Details: B2B Marketing Campaign
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