The NSEL corporate governance system failed to address the issue of conflict of interest. The son-in-law of the chairperson of NSEL is the promoter of NK Proteins, a company that owes Rs 920 crore to investors.
The NSEL case presents an example of bad strategy and poor corporate governance.
It is…read more
There is now a growing social and political acceptance of private sector contributions to India’s development. However, many recent big-ticket corruption scandals have brought into public glare the growing menace of crony capitalism. In addition, large-scale protests by tribal and other rural communities against displacement from their land, habitat…read more
Key-man risk, nepotism, lack of leadership were terms that wouldn’t be associated with Infosys in the past
If all Indian companies were subject to the level of scrutiny that Infosys undergoes by media and analysts, the Indian corporate governance landscape would be much more rosy. Media and analysts do not…read more
(Reuters) – The government will have to rein in spending and cut subsidies to meet its fiscal deficit target, the country’s finance minister said on Monday, underlining that an austerity drive will not be blown off course by an election due next year.
P. Chidambaram told Reuters ahead of a…read more
Domestic violence: the hidden workplace issue
Business is yet to wake up to the issue of domestic violence and how it can support employees who are victims
“If it were not for my employer, I would not be alive today,” says Melissa Morbeck, calmly. She is living proof that educating employers…read more
Wealth lies at the bottom of the pyramid, say experts
The phrase bottom of the pyramid was first used by American president Franklin D Roosevelt referring to the forgotten man at the base of the economic pyramid. The shibboleth has since been brought to context by economists in a telling…read more