What can share­hold­ers make out from vis­its to cam­pus of com­pa­nies?

The Hindu Business Line - - MARKET WATCH -

The share­hold­ers of In­fosys will have a chance to visit the com­pany’s My­suru cam­pus on No­vem­ber 24. Those who are keen to ex­plore and ex­pe­ri­ence the ‘state-of-the-art’ cam­pus in My­suru are re­quested to reg­is­ter on the com­pany web­site be­tween Oc­to­ber 25 and No­vem­ber 15, the IT ma­jor has said.

“As the com­pany can host only a lim­ited num­ber of in­di­vid­u­als on this visit, share­hold­ers will be ac­com­mo­dated on a first-come­first-served ba­sis. This of­fer is open to share­hold­ers only, and is not ex­tended to fam­ily and friends,” it added.

The com­pany will pro­vide trans­port from its reg­is­tered of­fice in Elec­tron­ics City, Ben­galuru, to My­suru and back, and bear the costs of the visit.

Com­pa­nies invit­ing their share­hold­ers to visit their premises is not new at the global level. Even in In­dia, some have made plant vis­its a rou­tine af­fair.

Bimetal Bear­ings had ar­ranged a meet­ing of their share­hold­ers to visit its strip mill plant at Sem­biam, Chen­nai, in 2014.

In 2013, 190 share­hold­ers and 29 joint share­hold­ers had vis­ited the Mum­bai plant of Hind Rec­ti­fiers.

Nice ges­ture

This is a nice ges­ture from the com­pany to in­volve the share­hold­ers and make them un­der­stand how the busi­ness is be­ing run or con­ducted.

This can even be rec­om­mended by the mar­ket reg­u­la­tor as a good cor­po­rate gov­er­nance prac­tice. The share­holder, as part-owner of the com­pany, gets to in­ter­act with its em­ploy­ees, who can throw some light on the per­for­mance of the man­age­ment as well as the com­pany.

Share­hold­ers should know their right to in­spect the statu­tory reg­is­ters at the reg­is­tered of­fice of the com­pany.

Com­pa­nies can im­prove upon vis­its by ar­rang­ing an in­ter­ac­tive ses­sion be­tween vis­it­ing share­hold­ers who can talk freely and air griev­ances with the man­age­ment team that in­cludes the au­di­tors. Like AGM and board meet­ing min­utes, even the min­utes of share­holder vis­its can be dis­closed to the ex­changes.

The man­age­ment can also al­low the share­hold­ers to raise ques­tions post visit within a stip­u­lated time.

Share­hold­ers’ re­spon­si­bil­ity

On the share­hold­ers’ part, in­stead of treat­ing this as a fun out­ing, they should pre­pare well by study­ing all the nec­es­sary doc­u­ments be­fore vis­it­ing the com­pany.

Share­hold­ers of In­fosys may not have much to see on prod­uct or assem­bly line, as it is a ser­vice provider. How­ever, they will get to see the tech com­pany’s peo­ple power in ac­tion, and no doubt, the pic­turesque cam­pus will en­thral the vis­i­tors.

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