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Theargest private airline in India went bankrupt, as did the bank that could not say no to itsborrowers who defaulted on hugeoans. Could these disasters have been foreseen, if not averted?Would it have helped if the directors on the board had spoken up before the corporate failure?Inside the Boardroom explores the downfall of these companies and many more in theight ofdirectors’ behaviour and its impact on corporate governance. R. Gopalakrishnan and Tulsi Jayakumarbelieve that corporate success goes beyond having significant knowledge of accounting rules andgovernance regulations. They boldly assert that directors’ behaviour in the boardroom isess rationalthan may be widely believed! Being human, directors’ decisions are naturally subjective and proneto behavioural bias, especially when confronted with manifestations of power, passion and authorityin the boardroom, or even a secret desire to be accepted by others. Hence, successful directorsand boards need to be deep observers of human behaviour and boardroom dynamics becausebehavioural and cultural nuances are significant aspects in most incidents of mismanagementeadingto governance failure.Lucidly described with a plethora of real events and insightful instances, Inside the Boardroomshowcases the authors’ experience with governance and boardroom behaviour. It brings toightmisbehaviours in the boardroom, early warning signs of failing governance in companies and somemagical mantras for CEOs and independent directors to prevent failures.

INSIDE THE BOARDROOM : How Behaviour Trumps Rationality

by Rupa Publications

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BrandRupa Publications

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