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Showing posts with the label East India Company

Happy Independence Day

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Independence       noun in·de·pen·dence \ˌin-də-ˈpen-dən(t)s\ : freedom from outside control or support : the state of being independent Each of us have a different expectation from our country, and hence, our definition of Independence differs basis our circumstances and experiences. While a large chunk of the Indian population was striving for Independence from Britishers in 1947 (what eventually become the Indian Independence Day), a substantial group of people were striving for a corruption free nation in 2011-12. Though we are all born in the country, our choice of what we associate with the country's Independence varies. While my neighbour who has witnessed the freedom struggle against the British will cherish the sheer independence to do as she pleases, the current generation will cherish the independence to say as they please (something most of us take for granted nowadays).  All I am trying to say is our symbol for Independence provided by the nation being free fr

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,