Both companies and shareholders should use the AGM forum to establish constructive dialogue
Another annual general meetings (AGM) season is coming to an end. Yet AGMs in India continue to remain completely off the mark compared with the impact they once had. Stories of shareholders rallying to specially convened AGMs at stadiums—in the thousands—to listen to Dhirubhai Ambani, or investors following Nani Palkhivala’s wisdom on corporate decisions seem like myths now. From sports to technology, luminaries play a critical role in connecting and democratizing a concept or a calling. Markets and AGMs perhaps are no different. AGMs here have been unable to sufficiently influence both the market and public opinion.