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    From Tatas to Infosys: Between founders and boards is a battle of aspirations, regulation is no solution

From Tatas to Infosys: Between founders and boards is a battle of aspirations, regulation is no solution

 
Aug, 22 2017: Two back-to-back cases involving companies which were looked upon as symbol of good governance has once again brought back the focus on relationship between founders and management. This question arises due to a sense of entitlement that some promoters have, which gives them a right to be treated as a super shareholder.
 
The question is should we live with this sense of entitlement or come to a reality that promoter is not any different from any other shareholder? That at the least is the legal position, both under the Companies Act 2013 and Sebi regulations. If that be the case, what happens to the risk that the promoter took? What about his labour that promoter put in to create the company and value? .....
 
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Source: www.firstpost.com