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India Inc not ready for professional boards with promoters in background: ASSOCHAM survey

India Inc not ready for professional boards with promoters in background: ASSOCHAM survey

Sep 11, 2017, at 11:51 pm

New Delhi, Sept 11 (IBNS): India Inc is not ready yet to give complete management control to professional boards and managers, as majority of the corporate firms have promoters' holding well over 50 per cent and even those with much lower stake are not willing to bet fully on professionals, an ASSOCHAM CEOs' survey has noted.