It is very important to see that the governance issues, lack thereof, are being discussed. It is outrageous that this family dispute was allowed to go on and the minority shareholders were treated with such disdain.
Even if they have decided to bury the hatchet, the stock exchange and regulatory authorities should launch an investigaton into all allegations and activities, including dragging these two brothers and all their shareholders in for questioning, and any breaches should be punished. The financial system is under question.
OAM
See article:
How the outside world looks at it
A tax expert felt board has been a mere onlooker and the family has dictated terms.
Corporate governance became a key focus of discussions among lawyers and tax consultants following the Reliance announcement of a settlement between the Ambani brothers. A section of experts came down heavily on the Reliance group for overlooking the corporate governance issue.
“This is a mockery of corporate governance as the board has been a mere onlooker and the family has dictated terms,” said Kanu Doshi, a legal and tax expert.
See full Article and Ambanis seal deal, finally.
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