Letter to BS: Crisis in YES Bank highlights a weak spot in governance

This refers to “Who will bell the cat?” (October 8). To ensure a seamless transition when an incumbent leader has stepped down, the board of directors of a company should involve itself in the choice of the chief executive officer and the top management. It also needs to be supported by a well-structured succession planning mechanism. The company should groom its talent in a way that the system throws up prospective successors after proper filtering. Promising candidates should be identified and the ecosystem should help them move up the career ladder fast. Once that has been done, the annual review