Over the past few years, investors in MNCs have been concerned about some decisions being taken by the global parent. Not being listed in other regions, most MNCs fail to recognize that their own needs may not align with all stakeholders, especially the company’s Indian shareholders: from setting up competing businesses in fellow-subsidiaries to the level of royalty paid by these companies, to paying out dividends rather than conserving cash to tide the COVID-19 uncertainties.

To read this eighth update of our much-heralded analysis of royalty payments by MNC’s, click here.