In the United States businessmen often do not trust their colleagues. If you trust your colleague today, he may be your competitor tomorrow, because people frequently move from one company to another.

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Perhaps the biggest problem before Indian Corporates is that of the concept of ‘corporate throne’. If the company is not doing well, the old guard must make way for new.

We have to change the mindset of our corporate leaders and, obviously, we have to raise the level of corporate governance.

What makes Ricardo Semler all the more notable is the way he has put theory into practice. Many people have talked the talk of corporate democracy; his company walks the walk.