Fidelity's here, will impose norms on corp governance

Indian companies — who are weak in corporate governance norms — better watch out. The world’s largest mutual fund, Fidelity Fund Management, globally known for its ‘‘stringent controls’’ on corporate governance, said on its debut in India that it will now be more active in imposing governance norms in the Indian companies they invest in. ‘‘Our policy is to protect the shareholder’s interest. We seek to be active behind the scenes and keep track,’’ said Richard Wastcoat, Managing Director of Fidelity Investments.

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