Thumbs up for e-voting

The Securities and Exchange Board of India (SEBI) is quite right in looking for alternatives to the postal ballot system when it comes to putting crucial corporate decisions to vote. Whether it involves selling a substantial part of the business, venturing into completely unrelated areas or stretching borrowing limits, significant corporate decisions are often pushed through on the basis of postal ballot results. Yet, postal ballots often attract poor investor participation, and the process is further compromised by votes being lost in mail or invalidated by signature mismatches.

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