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Who is afraid of the minority shareholder?
One had imagined that with the loosening of controls by the omni-potent Indian government, corporate India would initiate bold measures to embrace corporate democracy. The government's decisions to allow companies to buy back their own shares and issue non-voting shares were radical in the Indian context where transparency has always been at a premium.
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Delink business from the budget
It is either a sign that Indian business is finally approaching maturity or that Indian politics is approaching toothless old age. Even before any form of government emerged at the centre, Confederation of Indian Industry president N Kumar actually plucked up the nerve to say in a public forum the other day what industry has been moaning about in private for months.
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FIs and takeovers
Corporate India appears to be confused on what factors the success of a takeover bid should hinge upon. While commonsense tells you that returns to the investor should be the clincher, digressions by way of `quality of management' and even parochial considerations are being given weightage to decide the issue in favour of takeover subjects.
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Managing MNCs
The debate on multinationals in the country has unfortunately been conducted so far at an ideological and emotional level. The stance taken has been simply pro- or anti-MNC, with either text-book economic reasons justifying "Anglo-Saxon capitalism" or political reasons proposing a ban on MNC activities.
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