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Board Matters

Transition time: what a board must ask to safeguard shareholders’ interest

The board must be vigilant during the transition period and ask questions relating to debt, asset quality, legacy of unethical practices, shareholding, and subsidiaries.
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Unnat
28 Aug 2019 4 Mins Read 2 comments
BCCL
Companies are particularly vulnerable during a transition. This could be a CEO/CFO change, a merger, or a buyout. These are critical times, when the board must protect the shareholders from a ‘cheating’ management. The last decade has seen a 35% jump in the number of frauds. During this period, there has been a 2,113% jump in the value of
When the economy loses out due to underhand dealings, it impacts many sectors like infrastructure, employment, spending power, and fate of small and medium enterprises that depend on the larger companies for sustenance. Therefore, the boards need to step up and ask the right questions. (Unnat Sharma is managing partner at AIM Corporate Services LLP)
Companies are particularly vulnerable during a transition. This could be a CEO/CFO change, a merger, or a buyout. These are critical times, when the board must protect the shareholders from a ‘cheating’ management. The last decade has seen a 35% jump in the number of frauds. During this period, there has been a 2,113% jump in the value of When the economy loses out due to underhand dealings, it impacts many sectors like infrastructure, employment, spending power, and fate of small and medium enterprises that depend on the larger companies for sustenance. Therefore, the boards need to step up and ask the right questions. (Unnat Sharma is managing partner at AIM Corporate Services LLP)

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