Infosys Veteran Mohandas Pai Invests in India’s First Proxy Advisory Firm: InGovern
Ingovern Research Pvt. Ltd. is India’s first proxy advisory firm assisting institutional investors – mutual funds, insurance companies, foreign institutional investors – that have financial or reputation exposure to public listed companies in India.
Mr. Mohandas Pai is an expert on corporate governance and accounting. Mr. Pai has served as a member of several committees constituted by the Government of India, the Reserve Bank of India and SEBI, and served on the Board of SEBI. He won the Best CFO in India award from Finance Asia in 2002, and Best Chief Financial Officer in India in the Best Managed Companies poll conducted by AsiaMoney in 2004.
“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” remarked Mr. Shriram Subramanian, the MD and Founder of InGovern welcoming Mr. Pai.
Explaining the rationale for his investment, Mr.Pai noted:”I believe India needs to create a strong ecosystem for good corporate governance. Treating minority shareholders fairly is a critical step in building a strong equity markets. InGovern has pioneered proxy advisory services and corporate governance research in India, which strengthens the ecosystem and provides a good platform to ensure fair treatment for minority shareholders.”
This movement is a big step forward for InGovern and one could expect much more from this growing firm in the future.