Improving corporate governance: Making independent directors really independent

An independent director is quite often termed an outside director. He is a member of the Board of Directors (BoD) who does not have a material or pecuniary relationship with the company or related persons, except sitting on board meetings and getting fees. In USA, independent directors constitute 66 per...

The new war of the worlds

At the turn of the century sagacious views moved from crystal ball gazing to first scan the distance and then their bagels. The conclusions were that future wars would be fought over liquid resources. Neighbouring countries would never agree on what 'equitable' water sharing of commonly flowing water is; those...