I initially thought of titling this Advice to a Young Director, in the manner of Advice to a Young Scientist by Sir Peter Medawar, the British-Brazilian biologist and writer of Lebanese origin, and Nobel Laureate in Medicine (1960). Writing of Medawar, “The wittiest of all scientific writers,” wrote Richard Dawkins, and “the cleverest man I have ever known,” wrote Stephen Jay Gould. Coming from Dawkins and Gould, there cannot be higher praise. Medawar’s short book, suggested by a Physics Professor at IIT Madras, stayed an inspiration through my research. It is highly recommended for researchers in any discipline including corporate governance. Continue reading “My corporate governance experience”
Last week I had posted questions for the RBI Quiz 2021. The answers are provided below. I should add that most of these questions are curtain raisers to future and more elaborate posts on the subject. Stay tuned! Continue reading “RBI Quiz 2021 – The Answers”
Regulation and supervision are much more complex than meets the eye. This post attempts to draw a few regulatory and supervisory lessons. This is against the background of a recent book by a well-known economist and former Governor, Reserve Bank of India.
A missing portrait
If one were to write the history of the Reserve Bank of India today, the midpoint would be May 1977. This was when the new Janata Government forced the resignation of K.R. Puri, the 12th Governor. M. Narasimham, his successor, has in his memoirs detailed the events that led to the resignation. After another change of government, a vindictive Puri would come back, as a one man Commission. His report faulted the conduct of gold auctions under the venerable I.G. Patel, among the most brilliant Governors of the Bank. Continue reading “Regulation and Supervision: A few lessons”