The Corporate Affairs Minister Sachin Pilot has said that two-third of companies in India being family-owned. He said independent directors and minority investors need to play a stronger role in ensuring good corporate governance.Mr. Pilot said this in an interview to PTI that minority shareholders also needed to be given a say in the board decisions, as their money was well invested in the company. The minister also added that they as a government could only provide the regulatory mechanism.
News On AIR | January 13, 2013 6:06 PM
Minority shareholders need to be given a say in board decisions: Pilot