26 March, 2015

Random thoughts

Have you ever 
Stared at vacant spaces
and wondered what your purpose in life is...
Looked at the innumerable faces
and hoped that you'll find some more friends to be with...
Smiled at strangers endlessly
hoping life will smile back at you...

Some would call me to be an eternal optimist...
But isn't this the reason we are here ?

16 March, 2015

Corporate Governance ?!?

Was recently reading an article in the Guardian by William Dalrymple, on how East India Company efficiently moved from being a trading company in Bengal, to one with the largest armies of its times... how a Corporate managed to establish governance....

It is interesting to note that this is a problem being faced by all times. Like he puts it very aptly...

"Corporate influence, with its fatal mix of power, money and unaccountability, is particularly potent and dangerous in frail states where corporations are insufficiently or ineffectually regulated, and where the purchasing power of a large company can outbid or overwhelm an underfunded government."

As we move towards privatization in all sectors, not because corporates can contribute more, but because the public systems and departments have become very inefficient, it is interesting to note that we are increasing the control of private firms in the working of basic facilities. Though there are many governing bodies, to ensure quality standards, the bottomline for any corporate is atleast breaking even if not profits. This invariably will lead to the same problem.

Without taking away the positive impact of privatization on our society and economy, I feel we should, for a change, focus on reducing the ineffieciencies in the public systems for change. That will be the true challenge for a government in power - Proper governance in all realms, be it public or private departments.