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News & Events View More

  • Sebi settlement: Infy on knife-edge?

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  • Infosys files consent plea with Sebi on Rajiv Bansal’s severance pay

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  • Amalgamation at HCG: Proxy advisory raises red flag

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  • Rosneft deal: Essar to pay 910 cr to retail shareholders by Dec 10

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  • LIC's Rs 1.5 lakh cr for railways okayed: Good news but more reforms is solution for current railway

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  • InterGlobe pitching for free tickets to its independent directors

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Latest Research Reports View More

Flip side of Shareholders’ Activism


The Infosys saga is a perfect case of mistaking eminence with the truth...

Listed PSUs – Governance Gaps


SES is of the opinion that there cannot be two set of laws. One for PSUs and other for all other companies. PSUs cannot be treated with kid gloves...

Auditors’ Appointment: Is the law complicated or is it a case of “who cares about the law”?


SES has observed that the many companies have misinterpreted the provisions of the law related to appointment of Auditors.

Tejas Networks Ltd: Case of a “preferred” Independent Director


SES is of the opinion that, both on governance ground as well as legal grounds, SES finds that Mr. V Balakrishnan cannot be treated as an Independent Director, as he has a transaction with the Company...

Latest Proxy Advisory Reports

Name Date Type
H D I L 27-12-2017 PB
Strides Shasun 27-12-2017 CCM
IFGL Refractori. 23-12-2017 AGM
Health.Global 22-12-2017 EGM
Videocon Inds. 22-12-2017 AGM
View SES Recommendation

Pillars of SES


    We do not have any material association with listed firms. Our employees do not hold directorships at listed companies. This helps us maintain our independence and provide unbiased advice to clients. We do not accept assignments that may have a potential conflict with our objectives.

    Conflict Management

    We provide governance advisory services to investors at listed companies. To remove any conflict of interests, we do not have any pecuniary or advisory relationship with listed companies. We have internal controls for interactions with listed firms and maintain a clear audit trail.

    Non for Profit

    SES has adopted a not-for-profit business model to eliminate any perceived compromise with independence and to mitigate any potential conflict of interests. Our business model ensures that we place clients’ interests above our own and treat each client equally.


    Our diverse and independent advisory board guides our policy making process which ensures that our policies are transparent and take opinions of all stakeholders into accounts. We disclose all non-material relationships with listed firms on our website and use only public information for analysis.