New blood at Kotak revives old questions of governance4 min read 07 Jun 2022, 01:42 PM IST
The ballyhoo might be a bit premature because Jay is still not on the board or part of the core senior management group. Technically, neither the RBI nor the board’s nomination and remuneration committee have any oversight over his positions, salaries or even place in the management hierarchy.
The debate over leadership succession in boardrooms is always borderline contentious, and it has now acquired fresh legs, thanks to an announcement made by Uday Kotak, CEO and vice-chairman of Kotak Mahindra Bank. It promises to focus some laser-sharp questions even at regulator Reserve Bank of India (RBI).
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