The Hindu Business Line : Thursday, August 04, 2005

Din of independence
A POPULAR view is founded on the hypothesis that "good corporate governance can happen only if there are independent directors on the board". What is often overlooked is the so-called `expertise' of these independent directors. Most of them ... More

EDITORIAL

A cloudy alternative
DARK CLOUDS APPEAR to be stealing over the Kyoto Protocol with the signing last week in Laos of the `Asia-Pacific Partnership for Clean Development and Climate' among four Asian countries — India, China, Japan and South Korea — and ... More

ACCOUNTANCY

Policy response should be well informed about the costs and benefits of offshoring
AS PROFESSIONALS in the truth business, it is only but fair that we read a hot report titled Truth and consequences of offshoring' by L. Josh Bivens, posted on http://epinet.org, the site of the Economic Policy Institute. It ... More

Remedies in circles
Mohan R. Lavi on a case of cross-litigation More

MUTUAL FUNDS

Mutual funds must invest in transparency
A large body of investors may want to take advantage of a high equity market via the mutual fund route. But with the operations of the funds not wholly transparent, people may be investing blind. This needs to be remedied. Communication and transpar ency would greatly enhance the value of mutual funds as an investment avenue, lend credibility to the promoting firms, and engender an environment for systemic stability, says A. Vasudevan. More

EDUCATION

Law soon to treat unhealthy admission practices
THE PROBLEM of private medical colleges fleecing parents with the weapons of fee and management `quota' policy may become a thing of the past, if a law the Ministry of Health and Human Resource Development is drafting, gets into the statute ... More

NBFCS

What nidhis need
Having a single regulator for nidhi companies is beneficial, says R. Anand More

REGULATORY BODIES & RULINGS

Irony of (in)dependent regulation
Creating regulatory commissions and then depriving them of their powers will only damage the face of the regulatory bodies and lead to loss of credibility both in the sector they are mandated to regulate and among the consumers at large. More

BOOKS

For ethics, you can bet on ancient wisdom
BUSINESS ethics are rules of business conduct by which propriety of business activities may be judged, defines Biswanath Ghosh in Ethics in Management and Indian Ethos, from Vikas (www.vikaspublishing.com). "The concept of ... More

LETTERS

Energy security

Mumbai floods

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