I believe good corporate governance is critical in enhancing competitiveness and creating industry - leading profitable growth and superior returns for every stakeholder of the institution.

Regional exchange can be a source of growth and development, and of enhancing good governance.

A founder can carry an institution only so far, and then others have to step in, even the alumni. That's how an institution becomes one.

At what age did Warren Buffett come into philanthropy? At 76. He gave a very good reason. He said his wife was considerably younger than him. And all Americans believe they would live till 80, and they do live till 80. He told his wife that when he is gone, she should take care of whatever they need to do.

A press statement may be given with a very good intention, but it says nothing beyond it. If it comes from corporations they run, then it is corporate social responsibility (CSR). That's different from philanthropy. CSR is a lot of shareholders, including me.

If you look at the leading Indian IT companies, Cognizant is not active in business process outsourcing, and neither is Satyam.