more-inCoal and Railway Minister Piyush Goyal has raised concerns about some of the recommendations made by the committee on corporate governance led by Kotak Mahindra Bank executive vice chairman Uday Kotak, which submitted its report to the market watchdog SEBI on Thursday. Referring to the committee’s recommendation that board members must have educational qualifications and expertise in the concerned industry, Mr. Goyal said: “Let me tell you, he (Uday Kotak) has gone completely off the mark here. I became the power minister of the country, I didn’t know the P of power and C of coal. “To my mind, you have to encourage diversity of experience, opinion… Dhirubhai Ambani probably never went beyond a certain basic level of education. When I run my board, I will choose people who will be yes-men and listen to me and go by what I say,” he pointed out, before adding that he would discuss these issues with Mr. Kotak.

Source: The Hindu October 06, 2017 16:18 UTC