In a move that will give these investors a greater say in choosing the company's board, GSK Consumer has adopted proportionate representation using cumulative voting. Sajeet Manghat and Ashmit Kumar of CNBC-TV18 find out what this means for the boardroom.
Those for rotation cite auditor's incentive to cosy up to the management, who pay their fees, is reduced once they know they will be replaced. Its opponents argue that today‘s corporations are very complex, and an auditor must develop industry and company specific knowledge to fully understand the company's finances.
It's the battle of wills as Escorts goes head to head with IIAS. Escorts' reorganisation plan, involving three of its associate subsidiaries. is being termed as a breach of corporate governance.