Letter to BS: Nothing wrong in dynastic governance in the corporate world

Roshni Nadar Malhotra has rightfully found her place as the Chairman of HCL with her father as the chief strategist

business leaders, corporates

Business Standard
This refers to the editorial “The family way” (July 24). I disagree on your core conclusion. Your observation that the perils of dynastic succession of a political party should be a lesson for the family-owned firms is simply wrong. A political party and a firm are not the same. To begin with, a party is not owned. But a firm is owned as the controlling shares belong to the promoter. Almost all the family-owned firms —Tata, Birla, Wipro (Premjis), Bajaj, Hero (Munjals), Mahindra etc. — have done well in India. I have been an independent director of a company for

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First Published: Jul 31 2020 | 12:55 AM IST

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