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Letter of the Week

The Satyam scam, where (books of) accounts were fudged and investors bilked, has thrown up the urgent need for a mechanism, as in the developed world, to swiftly punish economic offenders, says Ved Guliani from Hisar in his letter earlier this week. This refers to the editorial, ‘Company to ke  ....Read more

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Corporate GovernaceBy: H Chukerbuti | Saturday , 10 Jan '09 11:29:18 AM Reply | Forward For effective Corporate Governance boards, management and shareholders should encourage chief executives to focus on the long term rather than the next quarter, to give shareholders a "say on pay" and to make it easier for them to field their own candidates for directorships. In view of Indian corporates proclivity for closely held family entities and political patronage, without such measures effective corporate governance will remain a charade with regular 26/11s exploding even in the apparent "best" of companies.
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