Enthused by a growing awareness among investors, SEBI Chairman U K Sinha has said that a large number of proposals made by promoters and management at listed companies are getting defeated by the share holders. Speaking at an event in Mumbai on Tuesday, Mr. Sinha said that there is a lot of interest in e-voting by shareholders of listed companies while proxy advisory firms have also begun playing a key role. Mr. Sinha added that even though the phenomenon of e-voting is only a few months old, it has already brought in dramatic improvement in the system. The SEBI Chairman also pitched for a 'responsible business' regime, while laying down three guiding principles of share holder democracy, transparency inoperations and protection of minority investors to achieve this goal. Talking in the global context, Mr. Sinha said that the financial crisis has shown to the world that the trust that was bestowed on the corporate leadership was broken. He further said that it has emerged that the compensation system for top executives was made while keeping in mind short-term goals rather than the long-term objectives.