Books of Account
Kogan Page (www.vivagroupindia.com)
Directors in tricky spots
What's a dilemma? "A tricky spot with no immediately obvious conclusion and where the alternative solutions all involve some degree of pain," defines Dunne. Alternatives can be more than two, please note. Fundamental drivers that cause dilemmas for directors are four, he lists. First is ‘confusion over the role of the board'. Role evolves, reminds the author. "As the company enters new phases of development in scale, breadth and ownership, the nature of the role of the board will need to change."