How proxy advisory influenced corporate governance and management behaviour in India

Even as proxy-advisory (PA) services were available in the US for almost 40 years, their Indian counterparts began the journey only in the last decade or so. Their emergence coincided with the concept of corporate governance gaining currency in the country after the Satyam Computer scandal and the global financial crisis. As regulators realised the importance of governance, a broader framework, cutting across the turfs of different financial