Big Tech’s brush with shareholder activism in India

Voting powers at Alphabet and Meta have ensured that shareholder proposals on human rights concerns in India hardly make a dent; separately, Reliance-owned Fynd finds itself in the soup.

Two of the world’s tech giants, Meta and Alphabet, scheduled their annual shareholder meetings within a span of three days. To most, they might seem monotonous and ritualistic, replete with corporate verbiage on growth, sustainability and community. But for observers in India, they did pique interest.

The reason is the proposals submitted by shareholders that concerned Meta’s and Alphabet’s operations in the country. Both, in their own ways, focused on the theme of human rights. Both, through rigorous references to media reports, asked the companies to study and introspect about their business in India. Lastly, both were spearheaded by Ekō, …

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Samiksha Goel

Samiksha covered all things startups at The Morning Context. She joined us from The New Indian Express, where she wrote stories on the retail and food sectors. Prior to that, she had covered startups and written various business features in the Deccan Herald.

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samiksha@mailtmc.com

Bengaluru

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Ayush Tiwari

Ayush reported on the travails of the media and social media platforms in India at The Morning Context. He was previously at Newslaundry, where he reported on sectarian violence and politics from Northeast India, Kashmir and North India.

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ayush@mailtmc.com

Delhi