Monday, September 1, 2014

Image management, the missing art at PSBs

............There are reports that some PSB chairmen are going the extra mile to deflect any possible criticism by installing closed-circuit TVs to presumably record the proceedings of their investment committees. If true, these steps can only be termed outlandish. If any one wants to cheat, they can do so in a thousand other ways and still not be caught by television cameras. Which brings us to the cardinal point: there is no substitute for trust. The best of selection procedures cannot prevent a delinquent bank chairman. .....

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