Letters: Directors - The weakest link?

Apropos Shyamal Majumdar's column "Bank boards as 'NPAs'" (Human Factor, May 23), the crux of the problem is how directors are appointed or how they manage to get appointed on the boards of banks. There seems to be a lack of basic skills analysis of directors. Are they competent to join the board is a moot question. It is well-known that competence comes from experience, knowledge, skills, attitudes, values and beliefs. In the case of bank boards, competencies of directors are particularly important. Further, from the deliberations reported in the column based on the findings of the committee headed by P J Nayak on governance, it is essential that the boards discharge their duties "effectively" rather than "adequately".

J S Broca New Delhi

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