Вы находитесь на странице: 1из 7

HIMACHAL FERTILIZER

AN ETHICAL CONUNDRUM
BACKGROUND…
CHARACTERS IN THE CASE

NEIL SHAH PAUL JOSEPH


NON-EXECUTIVE INDEPENDENT DIRECTOR GENERAL MANAGER OF IPL
INDUCTED FOLLOWING WIDESPREAD REFORMS IN ASSERTIVE & CONVINCING IN NATURE
INDIAN CORPORATE GOVERNANCE
SCEPTICAL OF THE BIDDING PROCESS
CHAIR OF AUDIT & ETHICS COMMITTEE
DEDICATED & HONEST TO HIS ROLE AND
RESPONSIBILITIES
ANXIOUS TO TAKE DECISIONS ON LARGE DEALS
CHARACTERS IN THE CASE (CONTD.)

GEORGE MATTHEW ANIL NAIR


DIRECTOR (LOGISTICS) NON-EXECUTIVE INDEPENDENT DIRECTOR
MECHANICAL ENGINEER BY PROFESSION CHAIR OF INVESTMENT COMMITTEE
“TOUGH” BOSS VAST CORPORATE EXPERIENCE
HIGH TECHNICAL COMPETENCE ON THE BOARD OF HFC FOR THE PAST 6 YEARS
DEMANDS ABSOLUTE OBEDIENCE FROM
SUBORDINATES
ARTICULATE & EXPRESSES HIS VIEWS BOLDLY &
WITH CONVICTION
NOT SOMEONE TO GIVE IN EASILY TO THOSE
OPPOSED TO HIS VIEWS
NEIL’S DILEMMA

SHOULD NEIL HAVE AGREED ON A MEETING WITH MR. PAUL JOSEPH?

OUR TAKE…
NO..!
IMPLICATIONS OF NEIL’S DECISION

 VIOLATED VARIOUS STANDARDS LAID DOWN IN CLAUSE 49 OF THE


LISTING AGREEMENT WITH THE BSE & NSE
 PUT IN JEOPARDY HIS OWN JOB AND REPUTATION, ALONG WITH THAT OF
HFC
 RAISED QUESTIONS OVER THE ENTIRE BIDDING PROCESS
NOW THAT THE CAT IS OUT OF THE
BAG

 WITH NEIL HAVING A VERY SENSITIVE INFORMATION AT HAND, AND THE


LETTER ALREADY BEING SENT TO THE BOARD OF HFC BY IPL, IT IS ONLY
PRUDENT FOR NEIL TO COME CLEAN WITH THE BOARD
 PUT FORWARD THE CONCERNS RAISED BY MR. PAUL JOSEPH
 SINCE THE SUDDEN CHANGE IN THE BID DEADLINE DOES RAISE A FEW
QUESTIONS, INVESTIGATE THE ACCUSATIONS LEVELLED AGAINST MR.
GEORGE MATTHEW

Вам также может понравиться