Merit is the DNA of success

A RENOWNED BUSINESS leader recently extolled the virtues of his community which has had much success with entrepreneurship.

In an era where diversity and inclusion are as important as meritocracy, where does corporate governance stand? Does this mean that India Inc still cares about where one is from (caste, community, creed) than what one brings to the table?

The legacy of community-based economic achievements should be acknowledged, but not necessarily be made into some sort of playbook. The achievements of a community should not overshadow the principle of meritocracy or equal opportunities, which should underpin all entrepreneurial endeavours. It is a double-edged sword. While such public utterings garner accolades from like-minded individuals, it raises concerns about the erosion of meritocracy. No community has monopoly on Indian businesses.

It is imperative to emphasise that when a respected industrialist chooses to write about a particular community, it runs contrary to the principles of corporate governance. Promoting the cause of any one community can inadvertently give rise to concerns of bias and discrimination, thereby undermining the principles of equity and inclusivity that modern businesses are expected to uphold.

While every individual has the right to express their opinion freely, it is equally important for leaders of listed entities and industry thought-leaders to exercise discretion in public utterances. Such individuals carry substantial influence and their words carry significant weight. When they venture into discussing communities, it can be easily misinterpreted, leading to unintended consequences and reinforcing perceptions of favouritism or division.