Letters: Arbitrary discretion?

Directors resign from boards and judges recuse themselves from cases without assigning any reason

Image
Business Standard New Delhi
Last Updated : Jan 24 2013 | 2:10 AM IST

We are seeing a recent trend among independent directors and high court judges that is disturbing. Directors resign from boards and judges recuse themselves from cases without assigning any reason. In both cases, as the rules stand now, they are not obliged to give reasons, but it is absolutely unethical on their part to quit without giving reasons to the larger body of stakeholders and citizens. I sincerely hope the Supreme Court and Securities and Exchange Board of India lay down appropriate guidelines in this context for the sake of justice.

A Sivaraman Mumbai

Letters can be mailed, faxed or e-mailed to:
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg
New Delhi 110 002
Fax: (011) 23720201
E-mail: letters@bsmail.in
All letters must have a postal address and telephone number

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 12 2012 | 12:30 AM IST

Next Story