GOVERNANCE INSIGHTS

Shake hands but count how many fingers you get back

It’s no secret that India, like every emerging market, has seen its share of crony capitalism over the years. Since 1996, when we incorporated corporate governance considerations into our investment process, Quantum Advisors has carried the corporate governance torch in India. It is an integral component of any investment decision, and always has been.

Merely analyzing corporate governance quality is one thing, though; actually doing something about it when something is awry is another entirely. We’re proud to note that we have not shied away from engaging with and openly criticizing management teams over the years when we feel they have failed to uphold their duties to shareholders. It isn’t always a successful effort, but regardless of the outcome the importance of keeping boards accountable cannot be understated: creating an investment culture in which company board members are keenly aware that their actions will not be swept under the rug is essential to maintaining and enhancing the Indian capital markets’ respectability.

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Our Engagements in Indian Corporate Governance

“Corporate governance has been an integral part of our investment management process since 1996. As an actively engaged shareholder, here are some notable examples of our experiences with management.”

1 September 2008

The Excesses are Being Flushed Out

Why we avoided ICICI Bank and Indian Real Estate stocks

30 April 2019

Our History

Quantum Advisors was founded by Ajit Dayal as India’s first institutional equity research house in January 1990.

1 December 2016

Demonetization: What a Messy Economic Plan

This surgical strike has potentially nuked India in the short run.

2 August 2010

Family Matters in Indian Business and Politics

A recognisable family name goes a long way in India. Recent events remind us of the weight a family name can have on politics and economics.

27 October 2020

Indian Workplace Gender Mix

Female participation in the Indian workplace has come a long way and to prove that there is progress, we need data to back this inference.

1 November 2010

India: Corruption – Politics and Business

Much like other major economies, corruption scandals have rocked Indian leaders across the political spectrum, and are numerous.

1 January 2009

Why We Never Invested in Satyam

Satyam highlights the risk of investing in managements that have parallel – and sometimes multiple - business ambitions.

3 November 2020

Our Engagements in Indian Corporate Governance

Active engagement on corporate governance has been an integral part of our investment management process since 1996.

1 March 2013

COBRAPOST: Has the HDFC Group Lost its Premium Rating?

HDFC Group, caught up in a corruption sting, has some explaining to do.