One of the less highlighted functions provided by mutual funds to their investors is their involvement in corporate governance of investee companies, given the significant rights attached to the ownership of equities.

Source: https://www.thehindubusinessline.com/opinion/are-mutual-funds-fostering-corporate-governance/article66611809.ece

The way board seats are acquired in investee firms will also be tweaked, as senior partners may replace junior members of Sequoia's team.

Source: https://www.freepressjournal.in/business/hit-by-scams-at-indian-startups-sequoia-may-re-examine-investments-in-south-asia