The Tata Boardroom Episode Has Raised A New Anxiety For Family Businesses, Says Harsh Goenka
Indian markets moved higher in a governance development.
· NDTV Profit, Business Today Mkts
Harsh Goenka warned that the Tata Sons boardroom dispute could prompt family businesses to reduce independent directors, weakening corporate governance.
The analysis
Governance events hit the valuation multiple, not just the earnings — and the de-rating is usually faster than the recovery.
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