Corporate Governance (Virtual) Symposium Series 5 - “Effective Stakeholders Relationship Committee”

The protection of rights of stakeholders in the listed companies play a very important role for overall corporate governance.  Companies are mandated to constitute Stakeholders Relationship Committee (SRC) which look into various aspects of interest of Shareholders, debenture holders and other security holders. Some of those are (i.) Resolving the grievances of the security holders including complaints related to transfer/ transmission of shares, non-receipt of annual report, non-receipt of declared dividends, issue of new/ duplicate certificates, general meetings etc., (ii.) Review of measures taken for effective exercise of voting rights by shareholders, (iii.) Review of adherence to the service standards adopted by the listed entity in respect of various services being rendered by the Registrar & Share Transfer Agent, (iv.) Review of the various measures and initiatives taken by the listed entity for reducing the quantum of unclaimed dividends and ensuring timely receipt of dividend warrants/ annual reports/ statutory notices by the shareholders of the company.

The key to good corporate governance is to conduct business in a way that the stakeholder rights and interests are protected, transparency is maintained, unpublished price sensitive information is dealt with utmost care and ensure that the trust and confidence of the stakeholder in the company stays intact. For this purpose, Section 178 (5) of the Companies Act, 2013 (“Act”) mandated companies with more than one thousand shareholders, debenture-holders, deposit-holders and any other security holders at any time during a financial year are required to constitute a Stakeholders Relationship Committee consisting of a chairperson who shall be a non-executive director and such other members as may be decided by the Board to resolve the grievances of security holders of the company.

The COVID-19 pandemic has triggered a variety of business, financial and operating issues, and challenges to the organizations. This is in the context of the oversight role of the SRC that the fundamental rights of stakeholders should be on verge of strategic agendas and that global best practices co-evolving with the severity of pandemic would only empower the committees to combat the new challenges and risks.

In view of emerging trends in the practices of SRC as well as challenges being faced by them in framing, implementing, and oversighting of the policies, ASSOCHAM is virtually organizing Series 5 of the Corporate Governance and their role in strengthening the overall corporate governance frameworks in the organizations Symposium on “Effective Stakeholders Relationship Committee” on Friday, 20 May 2022. The Symposium will be deliberated by eminent speakers and participants from the government, regulators, corporate governance practitioners, directors on board of corporates, chartered accountants, company secretaries, CFOs, legal heads, compliance heads, among others.

We take this opportunity to cordially invite esteemed participation of your good-self and your organization. Please refer the attached brochure for details about participation as delegate and opportunities as speaker and sponsor.