Pai Backs India’s InGovern Proxy Service

The Shareholder Activist - Pai Backs India’s InGovern Proxy ServiceI had run across InGovern before – it provides corporate governance research and proxy voting services regarding public companies in India – but Mohandas Pai backs corporate governance research start-up in the Hindu Business Line really caught my attention.

Interesting back story reported on Mohandas Pai that I knew nothing about:

“In the early 1990s, at an Infosys AGM, a young shareholder activist quizzed Chairman Mr Narayana Murthy at length.

Impressed by his skill with numbers and zeal for corporate governance, Mr Murthy made him an offer to join Infosys in 1994.

The zealous chartered accountant, Mr Mohandas Pai, went on to become the Infosys Chief Financial Officer and… has now joined hands with his former colleague in promoting shareholder activism through a corporate governance research and proxy advisory services start-up, InGovern.”

According to an InGovern press release, Pai’s involvement is welcomed by Mr. Shriram Subramanian, the Managing Director and Founder of InGovern:

“We are delighted that Mr. Mohandas Pai is endorsing the concept of proxy advisory and corporate governance services. His expertise, domain knowledge and relationships will help InGovern catalyze better corporate governance in India.”

I’ve added InGovern to the Links+ section of under proxy voting/monitoring. Aside from learning more about their services, there is plenty of content worth browsing through on their site, such as blog posts, monthly newsletters, webinars and more, mostly on their Insights page.

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