Boards of directors are complex to supervise, but committees are disputably even difficult. You possibly will have too many committees, various committees may well intersect in function, or they may simply fail to interconnect effectually with the other remaining of the board. The Board Management software renders the method of organization and communication within committees much leisurely…
Today Directors are doing more than what is expected out of them. They are actively taking the initiative to participate in the day-to-day operations of the company. While most of the directors are occupying positions on multiple boards and committees, the job of getting involved with every company’s functioning could prove to be more than..
To readers of this blog – Wish you a wonderfully blessed year 2016, full of joy, success & peace! Kulwant Singh, Fatehsinhji, Kulwant Singh, Lt Col Niranjan Kumar and 3 other soldiers sacrificed their lives in the first 3 days of this new year. They cared enough for our nation to make the supreme sacrifice..
Yesterday, the Delhi Government announced that Phase I of its Odd-Even Scheme has concluded. The experiment has undoubtedly succeeded in one key respect – in obtaining wide-spread participation by the Citizens of Delhi. CM Kejriwal specially thanked Delhi ladies for observing the rule despite being exempted from it. This was also a more participative initiative..
Vasan HealthCare Pvt Ltd (VHPL), once valued at over US$ 1 billion, has imploded! Last week’s LiveMint (January 23, 2016) gave details of events over a long period exceeding 2 years, that led to the grounding of the once high flying VHPL. Vasan Eye Care is the brand of VHPL. On the board of the..
Recently, I spent three days among Army-men in a cantonment in North India, meeting old friends, either retired or serving Army officers, one of them a serving Lieutenant General. Lt Gen Jagjit Singh Arora, a key architect of our victory in 1971, was one of my heroes as a 14-year-old. I remember meeting General Arora..
Doing the right thing, always! This is the motto of a firm of Company Secretaries, which sees Company Secretaries as governance professionals, not just compliance officers. The motto describes ‘Good governance’ – succinct, simple to understand. The difficulty is not in understanding. It is in the implementation. In Marathi, they say – kallta aahe pun..
The last two weeks have been filled with the JNU event and its aftermath. From students to lawyers and judges, lots of opinions have been expressed in the press and social media. In addition, presspersons, members of the ‘intelligentsia’ and politicians have of course opined. The uniformed services to have voiced opinions in anguish rarely..
Yesterday, at a Panel discussion organized by the Pune International Centre, Dr. Ajit Ranade, Economic Advisor to the AV Birla Group, who moderated the discussion, remarked on the fact that three economists actually were agreeing on their assessment of the Budget as a ‘Good Budget’. The speakers were Dr. Rathin Roy, Director, National Institute of..
‘Rs 1.14 lakh crore NPAs’. This daily refrain on Indian banks is a cause for widespread concern and reduction of business confidence. Is this a result of unfortunate errors of commission and omission, or a failure of governance, of the Boards of Directors of most public sector banks? Examples of Governance failure abound and silence..