This refers to the report "Regulator said to have pressed for exit of Deutsche chiefs" (June 10). Can it happen in India? Wilful defaulters of bank loans continue to run companies. Regulators just become mere spectators in case of wrongdoings by companies. Can we not have a system where regulating authorities, apart from the shareholders, should have a say in the management of companies? The times are changing and a system needs to be evolved in this regard.
We need to widen the scope of the Right To Information Act to bring private companies under it and to check whether they are complying with the rules and regulations in the interests of the public and shareholders. Only an informed society can act as a check on the mismanagement of companies.
Deendayal M Lulla Mumbai
Letters can be mailed, faxed or e-mailed to:
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg
New Delhi 110 002
Fax: (011) 23720201
E-mail: letters@bsmail.in
All letters must have a postal address and telephone number
