Beyond rules beyond regulation
Corporate governance is again in the news, for all the wrong (?) reasons, with the saga of Infosys transiting from the owner’s hands to “Board of Directors or professional management’s hands, struggling to reach cruise mode. It is now a topic for discussion everywhere, from news-papers, TV channels, social media, conference halls, restaurants and airport lounges. Everyone has her/his opinion on the subject and yours truly also believes in the right to opine on this subject. While the recent cases of Tata’s and Infosys are a matter of discussion and gossip, there are many more such cases happening around us that are not reported, discussed or even identified. But these high profile cases do bring our attention to the “very present problem” that corporate world is facing and continues its struggle in addressing them, in a manner that is satisfactory. Some research, analysis, case studies and few discussion in the TV channels is what I foresee seeing as an aftermath of any s...