You are here: Home » Opinion » Letters
Business Standard

Letters: Get rid of them

Business Standard  |  New Delhi 

“L’affaire Satyam” (Dec 19) makes it clear that independent directors have failed to get crooked promoters to go straight. At the end of the day, when promoters get to choose who their independent directors are, it is foolish to expect anything else to happen. It is time we junked this idea and looked for other structural solutions. It is a pity that mutual funds and other large investors don’t play an activist role in the manner they do internationally. It is up to India’s leading management schools, and not just the government, to come up with some structural solutions. The comments of the minister in charge of the company affairs ministry, to say that the government has no plan to do anything, is unfortunate as it signals that managements can get away with anything.

Sanjay Singh, Gurgaon

Readers should write to:
The Editor, Business Standard,
Nehru House,

4, Bahadur Shah Zafar Marg,
New Delhi - 110002,

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, December 30 2008. 00:00 IST