India Inc’s silence deafening
It is extremely distressing that the only articulate response from India’s corporate world to the recent Bhopal criminal case judgment has come from HDFC chairman Deepak Parekh. (The Times of India, June 18) Parekh, one of our most respected CEOs who sits on many corporate boards, did not comment, as might be expected of a conscientious person, on the gross unfairness of the verdict, which diminishes an industrial mega-disaster to a mere traffic accident punishable with two years’ imprisonment and a trivial fine (Rs 1 lakh). Rather, he spoke of the unfairness of holding company directors, including former Union Carbide India Ltd (UCIL) chairman Keshub Mahindra, criminally liable for corporate negligence.