Perspectives on governance & the market.
Two series. The Boardroom Brief takes the one seat that earns it — the independent director — into a different room each issue. The Movement Index counts what actually happened to senior seats, sector by sector, from the public record.
No. 01 · LiveBeyond the Résumé
The independent director worth having is a deliberately chosen, well-briefed, genuinely free mind — selected for the specific gap a board needs to fill, not a box to be ticked.
No. 02 · LiveWhere Is the Cash?
Following the money through a property business — the cash waterfall, and the questions a board should ask before the numbers do the talking.
No. 03 · LiveThe Cost of Capital
ROCE against WACC — whether a capital-heavy business is genuinely earning its keep, and what a board must watch for when it isn't.
No. 04 · LiveThe Worst That Can Happen
Process safety, the bowtie, and the uncomfortable scenarios a board is obliged to confront — before they confront the company.
No. 01August 2026The chair is promoted.The CFO is hired.
Twenty-three senior-seat movements in listed Indian auto components. Nine of the ten top-table seats that were filled went to someone already inside the company or its group.
No. 02August 2026Inherited,or imported.
Twenty-three listed chemicals companies changed the person in the top chair in under eight months. The answer is not a spread. It is two clusters, with almost nothing in between.
No. 03August 2026Six chairs.No developers.
India has built a second real-estate leadership market in seven years. Six of the twenty-nine senior people in it run a listed REIT — and not one came up through an Indian property developer.
No. 04August 2026Nobody hands over.They overlap.
Eight senior-seat handovers in listed Indian textiles. Four closed with no gap at all. Two seats are still open. The one chair filled from outside took two hundred and ninety-three days.