Institutional EYE

Commentary on Corporate Governance Issues

For want of a nail

For want of a nail, the shoe was lost, For want of a shoe, the horse was lost, For want of a horse, the rider was lost, For want of a rider, the message was lost, For want of a message, the battle was lost, For want of a battle, the war was lost, For want of a war, the kingdom was lost, For want of a nail, the world was lost - The Rundgren variation of ‘The want of a nail’ The eight maharatna companies (- the true blue in the PSU universe) have 123 directors on their board. 46 or 47 of the 123 are executive directors. The uncertainty is around the chairman and managing director of SAIL. He holds this executive charge in addition to being Special Secretary & Financial Adviser to

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