03-19-2009, 02:22 PM
Where does BAGHI come into it? Or may be its me who's been unable to comprehend your view point.
I think restricting a person from being director of more than ten listed companies is not the ultimate solution. It needs a much moer comprehensive framework of laws, aimed at introducing proper check and balance in intercorporate dealings, so as to avoid transfer of undue benefits to associated concern. It can be achieved by intdocuing mandatory disclosure requirements for intercorporate dealings between assocaited concerns. Restrictions alone can not be effective, and transparency must be ensured through mandatory disclosures.
I think restricting a person from being director of more than ten listed companies is not the ultimate solution. It needs a much moer comprehensive framework of laws, aimed at introducing proper check and balance in intercorporate dealings, so as to avoid transfer of undue benefits to associated concern. It can be achieved by intdocuing mandatory disclosure requirements for intercorporate dealings between assocaited concerns. Restrictions alone can not be effective, and transparency must be ensured through mandatory disclosures.
