"Shareholders can ensure that the company follows good corporate governance practices and implements beneficial policies." Discuss shareholder's activism.

Shareholder activism refers to the active involvement of shareholders in their organization. The shareholder activism means- Establishing dialogue with the management on issues that concern the organisation Influencing the corporate culture Using the corporate democracy provided by law Increasing general awareness on social and human rights issues concerning the organization. Shareholder activism can be exercised through proxy battles, publicity campaigns, shareholder resolutions, litigation and negotiations with management. Shareholder activists include Public Pension Funds, Mutual Funds, Unions, Religious Institutions, Universities, Foundations, Environmental Activists and Human Rights Groups. A share in a company is not only a share in profits but also a share in ownership. Active participation in company meetings is a healthy practice. Shareholders must realize that their active participation in the company's operations ensures- Better Management, Less Frauds and Better Governance.