Succession plans in focus as firms lose key executives
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Synopsis
This toll includes only the list of key managerial personnel, whose deaths must be disclosed by listed companies under corporate governance rules. Industry insiders say several top executives, who were not part of key managerial personnel and yet worked in crucial positions, have also died in the last few weeks.
Some top executives of India Inc are also battling critical Covid-19 infections.
At least 20 listed companies in India have lost key, board-level functionaries and top executives since early March, and these untimely deaths have put the spotlight on the need for well-defined succession plans.