Professionalize boards of management








 thehindu.com in Why the RBI board needs to be recast
Online comments posted by me: 

Professionalization of boards of statutory bodies, PSUs and companies in the private sector should be encouraged. But that doesn't mean excluding all with business or industry relations in all part-time appointments. Boards have their own conventions and practices to minimize personal/private interests influencing policy decisions. We need expertise from various fieldstone guide decision making. It's unfortunate that the writer, though illustratively dragged in the name of Tatas to strengthen his argument. From Tatas to Infosys, many from Industrial Sector have contributed to RBI board deliberations in the past and didn't invite allegations about influencing central bank for their constituency gains. These observations may not be seen as argument against infusing professionalism in the working of institutions.
M G Warrier



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