Avoidable Turmoil
The recent Participatory Notes (PN) imbroglio could so easily have been avoided! It isn’t difficult to see that things went wrong, not so much with the broad objectives that SEBI set out to achieve, but with the communication aspect that is so critical in managing any change.
SEBI would have done well to have consulted widely in advance and, more importantly, been seen to do so....
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