Cyril Amarchand Mangaldas, a leading law firm, organised a day-long seminar in the first week of November to deliberate on the Sebi Committee on Corporate Governance’s Report aka the Kotak Committee Report. Borrowing the expression raja-praja from Uday Kotak’s foreword to the report, the first session was provocatively titled “Moving from the raja-praja model to the custodian model”. In keeping with the spirit of the seminar — Corporate Governance: the Sushasan Way — Ishaat Hussain, who has recently retired from the board of Tata Sons, spoke about ram rajya. Translating and contextualising this for a member of the audience, the
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper