Corporate governance is the ‘it’ word in corporate India today. The Companies Act, 2013 has been instrumental in giving statutory recognition to the concept of ‘socially responsible business’. In addition, corporates are realising the importance of good governance in stakeholder value accretion. Proxy advisory firms are becoming increasingly active and influential, while retail investors continue to be active but disorganised. Independent directors are becoming progressively more important and Securities and Exchange Board of India (SEBI) is on the warpath, encouraging a ‘majority of minority’ rule of law. Despite all of these changes governance, in particular corporate governance, continues to be an issue in India. This session will examine the most recent changes to laws in India which impact how Indian companies govern themselves. How can the true ‘spirit’ of corporate governance be brought to bear and what roles if any, can counsel play? How will the introduction of ‘class action suits’ impact the Indian M&A climate? The panel will also discuss the advent of current shareholder activism in India and where the phenomenon is headed directionally.