India Inc’s Promoter Raj has run its course. Time to rewrite the succession script

Corporate India faces numerous high-profile CEO departures, testing established succession plans. The traditional promoter system, a colonial construct, now hinders progress and good governance. This outdated model, which segregates control from ownership, needs thorough reevaluation. Competence, not lineage, should now be the sole criterion for leadership roles. India possesses a vast pool of talented technocrats ready to lead businesses effectively.