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Jan 04, 2024
Inside the Boardroom provides an extraordinary peek into how directors' behaviour may be the real underlying cause of corporate failure. It is an eye opening account of boardroom dynamics behind closed doors. It presents rare insight into the manifestations of power in the boardroom and its motivations.
The authors, Mr. R. Gopalakrishnan and Dr. 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, the book 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.
This book is a must have for all corporate directors and the boardroom community at large.
He is an Indian businessman and author. He has played every type of board role on more than twenty five company boards over thirty five years in India and abroad. Until his retirement, he was an executive director of Tata Sons Ltd. and served on the boards of Tata Power, Tata Technologies, AkzoNobel India, Castrol India, and ABP Pvt. Ltd. Before joining Tata, he was Vice Chairman of Hindustan Lever, the Indian subsidiary of Unilever plc.
She is Professor of Finance & Economics and Executive Director, Centre for Family Business & Entrepreneurship at Bhavan's S.P. Jain Institute of Management & Research (SPJIMR), Mumbai. Her research interests span various areas, with a special focus on behavioural economics and family business. She works extensively with family businesses and is a member of several industrial bodies.
Owned by: Institute of Directors, India
Disclaimer: The opinions expressed in the articles/ stories are the personal opinions of the author. IOD/ Editor is not responsible for the accuracy, completeness, suitability, or validity of any information in those articles. The information, facts or opinions expressed in the articles/ speeches do not reflect the views of IOD/ Editor and IOD/ Editor does not assume any responsibility or liability for the same.
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Bringing a Silent Revolution through the Boardroom
Institute of Directors (IOD) is an apex national association of Corporate Directors under the India's 'Societies Registration Act XXI of 1860'. Currently it is associated with over 30,000 senior executives from Govt, PSU and Private organizations of India and abroad.
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