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And changes to corporate laws in countries like Germany are allowing corporations to unwind longstanding crossholdings of shares.
In speeches and letters to regulators, he has suggested several changes to corporate accounting and executive pay.
Its main demands are a simpler tax system and lower rates for individuals, plus business-friendly changes to corporate tax.
The changes to corporate tax will not be immediate, said Mr Jaitley, because he did not want to spring surprises.
During the meeting, some shareholders had expressed concern about what changes to corporate governance the merger would bring.
The proposal went nowhere, but analysts expect changes to corporate taxes to be on the table again this year as part of broader budget negotiations.
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A group of state and municipal pension fund officials are pursuing a campaign to bring what they regard as fundamental change to corporate America.
But one top five fund manager said it is the one change to corporate governance he wants most: "It would concentrate minds beautifully".
In the midst of several accounting scandals, Miles says the biggest immediate change to corporate governance is that "audit committee meetings take twice as long".
As people live longer and work for multiple employers, the nature of health insurance may change to corporate-subsidized but individually purchased and priced.
But the company has steadfastly rejected making any drastic changes to its corporate structure.
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