#YES BANK DEBACLE

1. Too much reliance on one person to take shot on #strategy without being challenged has led to this unfortunate situation. This is a clear case of too much reliance on one person leading to #Advocacy and #familiarity threat

2. Regulators both #rbi and #sebi have taken too much time to intervene. They wanted market factors to take course but with a subdued market conditions prevalent they have missed the bus.

3. The role of the board and its various committees in Yes bank will be questioned brings back to my first point of one man overriding the rest of the board.

Things that need to be done.

Promoter driven organisations need to be closely monitored through its #board especially #riskcommittee #auditcommittee need to be more robust in their approach. Regulator need to redifine the comply or explain approach and need to bring strong reforms to ensure how they are compliant to guidelines. The most important the role of Chairman and CEO needs to be segregated at all cost and chairman just not a figure head and must be active in the running of an organisation and be a true custodian. #india