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GMR scripts succession plan through a family constitution

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  • Sucheta Dalal

    There is another Non Business forum for the spouses that also meets regularly to discuss issues, sort out differences and foster emotional bonds. The Rao family takes the emotional aspect of their relationship so seriously that they have all agreed to go on holiday together every year and make it a point to attend certain social and religious functions.

    Will this enormous effort at fostering emotional bonds through a fairly rigid constitution and governance structure work? It is difficult to say. What GMR is attempting to do is a bold, unique and interesting experiment, which has a fighting chance of working for at least those generations that participated in framing the family constitution and its rules. Only time will tell whether a set of rules can control diversities in human nature and engender harmony and

    homogeneity in decisions.

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