The various scams afflicting India over the last few months were largely perceived as matters within the realm of public governance involving the Government, ministers and officials. Lately, however, the spotlight seems to be shifting to the private sector and to companies that are alleged to be beneficiaries of public mismanagement of resources. Questions are being asked about the acts and omissions of the corporate sector.
After reading two op-eds today, one by T.N. Ninan in the Business Standard and the other by Shailesh Dobhal in the Financial Express, I cannot help but begin to wonder (at the risk of sounding sensationalistic): Is there another wave of corporate governance crises lurking beneath the surface?