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There is increasing commentary on the “inadequate role by independent directors” on the boards. Long ago, Sage Kashyapa had noted, “When honest people fail in their duty to speak up, they wound dharma and they ought to be punished.”
I have served on boards for 34 years. Initially, I assumed that a great board is an assembly of top-class professionals. Indeed regulations are also based on this belief: Surely, distinguished professionals from bureaucracy and management must make effective board members. I have found that this is so only if their mind is “prepared”.
Top-class people need melding to be effective, they need
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