Transition time: what a board must ask to safeguard shareholders’ interest

Companies are particularly vulnerable during a transition. This could be a CEO/CFO change, a merger, or a buyout. These are critical times, when the board must protect the shareholders from a ‘cheating’ management. The last decade has seen a 35% jump in the number of frauds. During this period, there has been a 2,113% jump in the value of frauds. However, the frauds have become more audacious now. The rising non-performing assets (NPAs), which