Latest news with #HarshMariwala
Time of India
03-07-2025
- Business
- Time of India
Rising disruption, business complexity prompts Boards to heighten focus on CEO succession: Report
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Getting CEO succession right amid rising complexity and disruption is among the topmost priority areas of focus for chairpersons of Indian boards, according to a board study by leadership search and consulting firm Korn Chairs of top Indian boards are of the view that getting the right leadership at the top is the single most powerful lever for long-term performance and cultural continuity, according to the global study that interviewed 188 board chairpersons across 33 countries representing more than 800 boards, including 20 prominent boards in 83% identified CEO succession as the board's most critical responsibility as succession is no longer viewed as a reactive exercise but seen as a strategic imperative that demands ongoing attention, stated the findings of the report.'The process of evaluating and identifying the next CEO is a dynamic journey that can take up to two years — and rightly so, because this is the single most important decision a Board will make,' said Harsh Mariwala, Non-Executive Chair, Marico . 'If the Board needs to spend significant time on anything, it should be this,' he study also emphasised the heightened emphasis on building high-trust boards . Soft values such as trust, inclusion, and open communication are considered 'non-negotiable' for an effective board with nearly 67% of Chairs identifying these as critical enablers of high also emphasised on the need for diversity of skills and experience on boards including digital fluency, cultural alignment, or transformation experience.'Diversity isn't just about who's on the board—it's about knowing what skill we're missing, where to find it, and who can help us access that talent and insight,' said Shailesh Haribhakti, an independent director on several top global findings of the study reveal that risk management and risk preparedness are increasingly considered as foundational pillars for every board today.'The risks we face aren't just financial; they're geopolitical, environmental, and operational. Boards that fail to prepare for these complexities are setting themselves up for serious consequences down the line,' the study readiness is also considered to be one of the key areas reshaping every facet of business. 'Boards must enhance their understanding of AI, data governance, and cybersecurity to stay strategically aligned with this shift,' revealed the findings.
News18
28-05-2025
- Business
- News18
‘Not Turkey Or Azerbaijan': Marico Chief Mariwala Tells Which Country Is Greater Threat To India
Last Updated: "China poses a constant threat to our country and therefore, must be viewed in the same, in fact, even stronger light than Turkey and Azerbaijan," says Harsh Mariwala Amid the India-Pakistan tension, Harsh Mariwala, chairman of Marico Limited, said that China poses a greater threat to India, compared to Turkey and Azerbaijan. 'The current situation between India and Pakistan has resulted in growing support for a boycott of goods and travel to Turkey and Azerbaijan. And rightly so," Mariwala said on X. Indian trade leaders and tourists have taken a stance against Turkey and Azerbaijan, taking note of their open support to Pakistan after India's Operation Sindoor on terror sites in Pakistan and Pakistan-occupied Kashmir (PoK) in the aftermath of April 22 Pahalgam terror attack. 'It is also important that we maintain consistency and apply long-term thinking. However, we cannot be selective. China's strong support of Pakistan is well documented, both economically as well as militarily, and will have far reaching consequences for India's security and sovereignty," he said on X. The current situation between India and Pakistan has resulted in growing support for a boycott of goods and travel to Turkey and Azerbaijan. And rightly so. It is also important that we maintain consistency and apply long-term we cannot be selective.… — Harsh Mariwala (@hcmariwala) May 27, 2025 'This then, raises an extremely vital question – ' Are we applying our boycotts equally across the board or being selective?" China poses a far greater and constant threat to our country and therefore, must be viewed in the same, in fact, even stronger light than Turkey and Azerbaijan," said Mairwala. Traders in India decided to boycott trade and tourism with Turkey and Azerbaijan in a meeting of the Confederation of All India Traders (CAIT) in New Delhi on May 16. While India's trade ties with the two countries have already come under scrutiny, multiple educational institutions, including Jawaharlal Nehru University (JNU), have either suspended their collaboration with universities in Turkiye or are considering it. With the development, visits of Indian tourists, hosting of destination weddings and shooting of Indian films are also likely to significantly drop in Turkiye and Azerbaijan in the coming days as the government may discourage people from going to the two countries. Additionally, the Federation of Western India Cine Employees (FWICE) and All Indian Cine Workers Association (AICWA) on Wednesday appealed to Indian artists and producers to boycott Turkiye as a shooting destination for its pro-Pakistan stance. According to estimates, about three lakh Indian tourists visited Turkiye in 2023 and over two lakh to Azerbaijan. India's exports to Turkiye stood at USD 5.2 billion during April-February 2024-25 as against USD 6.65 billion in 2023-24. In response to Turkey's anti-India statements, the Indian government decided to revoke security clearance for Celebi Ground Handling India Private Limited, a Turkish firm operating at nine major airports, amid national security concerns. Trade leaders also welcomed the Indian government's recent decision to revoke security clearance for Celebi Ground Handling India Private Limited, a Turkish firm operating at nine major airports, citing national security concerns.
Mint
27-05-2025
- Business
- Mint
Neither Turkey nor Azerbaijan, Harsh Mariwala warns THIS country is 'greater threat' to India amid Pakistan conflict
Harsh Mariwala, Chairman of Marico Limited, warned that China poses a greater threat to India than Turkey and Azerbaijan, amid India-Pakistan conflict. As he advocated for consistency and application of long-term thinking amid boycott calls nationwide, he said that we cannot be selective citing India's security and sovereignty. Urging for consistent long-term thinking amid calls for boycotts related to the India-Pakistan conflict, he said, 'The current situation between India and Pakistan has resulted in growing support for a boycott of goods and travel to Turkey and Azerbaijan. And rightly so. It is also important that we maintain consistency and apply long-term thinking.' He added, 'However, we cannot be selective.' In the wake of tensions between the two neighbouring countries, he stated, 'China's strong support of Pakistan is well documented, both economically as well as militarily, and will have far reaching consequences for India's security and sovereignty. This then, raises an extremely vital question - ' Are we applying our boycotts equally across the board or being selective?'' While stressing the need to consider China's strong support for Pakistan, Harsh Mariwala asserted, 'China poses a far greater and constant threat to our country and therefore, must be viewed in the same, in fact, even stronger light than Turkey and Azerbaijan.' This remark comes at the heels of Turkey and Azerbaijan's recent public alignment with Pakistan and follows top trade leaders' display of economic nationalism who unanimously decided to boycott goods and all commercial, travel and cultural engagement with the two countries. This significant decision was made at a national conference of traders in New Delhi on May 16 as Turkey and Azerbaijan's support for Pakistan was considered as betrayal by Indian trade leaders.
