A study conducted by two IIMs says that a small group of "highly boarded directors" (directors who are on the boards of five or more companies) controls 66 per cent of the total market capitalisation of NSE-listed companies, as of 2010.This raises concerns about the efficacy of the recently introduced corporate governance norms, which are aimed at increasing the diversity in the director pool, it says.The study -- 'Coping with Corporate Cholesterol,...
