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Lessons from Hinduja brothers' battle

It is time business families focussed on governance

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4 min read Last Updated : Jun 24 2020 | 10:45 PM IST

The battle among UK-based Hinduja brothers has reached the High Court of England. The eldest brother, Srichand, represented by his daughter Vinoo, wants the court to declare illegal a letter in which the four Hinduja brothers “appoint each other as their executors”. The other three brothers maintain that their group is collectively-owned — “everything belongs to everyone and nothing belongs to anyone”.

Stakes are high and no resolution is in sight. This dispute yet again highlights the need to focus on an important aspect of family business that often remains neglected — that of family governance.

Family governance provides a

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

Topics : Hinduja brothers Hinduja Group

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