To fan the fire, Mohan Singh’s youngest son, Manjit Singh is also claiming his share in the golden geese. When it comes to legacy issues, India has seen enormous conflicts where brothers- in-arms are set to strangle each other. So the Singhs are no exception! But the million dollar question is: Can disputes centred around succession be avoided? The answer is a resounding yes! The solution lies in strategic succession planning, just as in the Bajaj and Jindal family. The many Nimmi Singhs filing any number of complaints will not disturb shareholders (as in Ranbaxy, the disputed shares are short of 1% of the total shares). But, without proper succession planning, even the best of Indian corporations can run into serious rough weather.
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
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