How an ugly marital feud could change Indian business
Independent directors could become less toothless
A COMMON FEATURE of family business is friction, to put it politely, between relatives. When the business is a multibillion-dollar concern and the feuds carry a whiff of scandal—think the Redstones at Paramount Global or the Bettencourts at L’Oréal—they spawn bestsellers or Netflix documentaries. India, where family firms generate an estimated 79% of GDP, has no shortage of similar drama. The latest could produce something rather less frivolous—better corporate governance.
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This article appeared in the Business section of the print edition under the headline “Seeking independence”
From the December 23rd 2023 edition
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