Thursday, July 25, 2013

Election of shareholder directors in public sector banks is a farce

.........Let’s not go to the Canara Bank AGM. The chairman and managing director read out the names of each of these potential directors and mentioned that they were all chartered accountants (CAs), except one, who was an engineer. He further said that all but one have been directors on the Boards of public sector banks. How on earth is anybody to know who is best qualified to be a director of the Canara Bank on the basis of this scanty information? It is as good as tossing a coin.........

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