Business Standard

Independent boards for all agencies

Just as in private companies, it is crucial for government agencies and regulatory authorities to have a majority of independent directors on their boards

independent directors, board, management

K P Krishnan
A lot of Indian thinking on organisations, whether by design or default, is grounded in the great person theory, where organisations are supposed to work well when the right person is in charge. Thus, all success (or failure) is attributed to one person. This is surely a poor theory of the world. The working of institutions is shaped by the rules of the game, which establish the rules of information, incentives and power. Only in rudimentary organisations is all power concentrated in one person, and success or failure is attributable to one individual.

The essence of good organisation design is
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: Jun 29 2023 | 10:18 PM IST

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