The largest private airline in India went bankrupt, as did the bank that could not say no to its borrowers who defaulted on huge loans. Could these disasters have been foreseen, if not averted? Would it have helped if the directors on the board had spoken up before the corporate failure?
Inside the Boardroom explores the downfall of these companies and many more in the light of directors’ behaviour and its impact on corporate governance. R. Gopalakrishnan and Tulsi Jayakumar believe that corporate success goes beyond having significant knowledge of accounting rules and governance regulations. They boldly assert that directors’ behaviour in the boardroom is less rational than may be widely believed! Being human, directors’ decisions are naturally subjective and prone to behavioural bias, especially when confronted with manifestations of power, passion and authority in the boardroom, or even a secret desire to be accepted by others. Hence, successful directors and boards need to be deep observers of human behaviour and boardroom dynamics because behavioural and cultural nuances are significant aspects in most incidents of mismanagement leading to governance failure.
Lucidly described with a plethora of real events and insightful instances, Inside the Boardroom showcases the authors’ experience with governance and boardroom behaviour. It brings to light misbehaviours in the boardroom, early warning signs of failing governance in companies and some magical mantras for CEOs and independent directors to prevent failures.
From the Publisher
—N. Chandrasekaran, VP, Chairman, Tata Group
‘Inside the Boardroom, in the inimitable and no-holds-barred style of the authors, has rightly placed behavioural aspects centre stage and established that absent this aspect, boards would continue to perform suboptimally.’
—TM . Damodaran, Chairperson, Excellence Enablers, and former chairman, SEBI, UTI and IDBI
‘An independent director must always remember that the adjective “independent” is valuable. Board members and practitioners will find this book worth their while.’
—Omkar Goswami, Founder and chairman, CERG Advisory Private Limited
‘With exciting anecdotes and insightful learnings, this is a book every leader across the spectrum from business corporations to public life—current or aspiring—should read.’
—Sanjiv Mehta, Former CEO and managing director, Hindustan Unilever Limited
|Title:||Inside The Boardroom (Hb)|
|Publisher:|| Rupa Publications India|
|Number Of Pages:||224 pages|
|Country Of Origin:||India|
|Release date:||5 September 2023|