Conducting Board Evaluation of performance of Board of Directors

The year 2001 saw the spectacular collapse of a number of high profile corporations across the world such as Enron, WorldCom (later MCI Inc.), Tyco, Qwet, One Tel, Merck, Mirant, Qintex, AOL, FreddieMac, HIH Insurance, Sunbeam, Parmalat etc., and in India, we witnessed Satyam computers. The implication of these collapse was due to poor corporate governance in general, and the ineffectiveness of the Non-Executive-Directors at monitoring management, in particular.The year 2001 saw the spectacular collapse of a number of high profile corporations across the world such as Enron, WorldCom (later MCI Inc.), Tyco, Qwet, One Tel, Merck, Mirant, Qintex, AOL, FreddieMac, HIH Insurance, Sunbeam, Parmalat etc., and in India, we witnessed Satyam computers. The implication of these collapse was due to poor corporate governance in general, and the ineffectiveness of the Non-Executive-Directors at monitoring management, in particular.taxmann.com Latest ArticlesRead More

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