The inability to share wealth and power amicably among siblings, and within families, is a universal problem. Globally, a quick transition from family-/individual-owned businesses to professional management and fear of shareholder lawsuits, especially by activist shareholders, have usually contained the problem.
Over 97% of the companies listed on the National Stock Exchange had at least one woman board member as of March 2023, but the actual share of women directors was just 19.5%, data from Primeinfobase.com showed
Murugappa family members reach settlement agreement zeebiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zeebiz.com Daily Mail and Mail on Sunday newspapers.
The settlement of the feud removed the overhang on stocks of the Murugappa Group companies. Now the management and shareholders can focus on growth of the Group.
Murugappans eldest daughter, US-based Valli Arunachalam, demanded a board seat in the group’s holding company Ambadi Investments based on the family’s shareholding. The other members of the Murugappa family rejected her demand.