Rethinc

Corporations are crucial to society’s well-being. Yet, not many have chosen to adapt themselves to the expectations of employees and the society at large. Prof. Ram Mohan identifies the three main problems that all companies and illustrates the ways in which these can be combated. Most companies are still run from the top and make very little attempt to involve employees at the lower levels in decision-making. Executive compensation has spiralled steeply in recent years because the process of determining it is seriously flawed. Boards of directors are ineffective and have abetted the cult of the charismatic CEO who is expected to work wonders.