Is the concept of independent directors unworkable in India?

When it comes to debating the nuances of good governance, all the news seems to be emanating from Hyderabad and none bodes well for corporate India. After the cover story in our previous issue, two independent directors on Satyam’s star-studded board – Vinod Dham and Dr Krishna Palepu – decided to call a meeting which would also...

Vijay Trimbak Gokhaleis a one-man armywho fights for justiceon behalf of investors

You need experience and knowledge of the other side to understand retail investor issues and conceive a strategy to cut through bureaucracy to find justice. Meet Vijay Trimbak Gokhale: his emails only tell you that he is an investor living in Mumbai’s distant suburb of Dombivli. But this activist-lawyer’s...

The bailout package had no strings attached. It was a missed opportunity for better regulations

Having shifted his unpopular finance minister, prime minister Manmohan Singh played Santa Claus with a ‘stimulus package’ for industry that was preceded by another rate cut by the Reserve Bank of India as well as a steep fuel price cut. Stock prices rallied significantly then, partly in line with a...