Kerala Cashew Corporation Decisions Were Unanimous, Says Ex-Chairperson
R. Chandrasekharan, former chairperson of the Kerala State Cashew Development Corporation (KSCDC), has stated that all decisions made by the director board were unanimous. He asserts that the chairperson cannot be held solely responsible for these decisions. This statement comes in response to the government's decision to grant sanction for his prosecution, along with former KSCDC managing director K.A. Ratheesh. The prosecution is related to alleged corruption in the import of raw cashews. Chandrasekharan's remarks aim to distribute responsibility among the board members rather than placing it solely on his shoulders.
The former chairperson's assertion of unanimous decision-making within the KSCDC director board suggests a potential diffusion of accountability. In corporate governance, while collective decisions are common, the ultimate responsibility often rests with leadership. This situation highlights the importance of robust internal controls and transparent record-keeping to clearly delineate the roles and responsibilities of individual board members and management, especially when financial improprieties are alleged. Future governance frameworks might benefit from mechanisms that ensure individual accountability even within unanimous board decisions, particularly concerning significant import transactions.
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