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Moneylife » Life » Public Interest » Corporate governance: No fancy food or gifts during AGMs

Corporate governance: No fancy food or gifts during AGMs

    • Nagesh Kinifca
    • Vikas Gupta
    • 2 comments

Moneylife Digital Team | 25/08/2011 01:01 PM | 

Ministry of corporate affairs feels that freebies divert attention

If you are a shareholder, and look forward to annual general meetings (AGMs) for the goodies and the food, the good days may soon come to an end. The ministry of corporate affairs has posted a circular on its website, asking for feedback on a proposed ban on distribution of gifts at AGMs of companies.

After receiving representations, the government has realised that gifts are often used to divert the attention of shareholders from the main purpose of the AGM. In addition to that, “shareholders are kept busy ...


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