The coming surge in chairpersons emeritus

Rahul Bajaj stepped down as chairman of the Bajaj group last month, having been at the helm of Bajaj Auto from 1972, first as managing director and since 2005 as chairman of Bajaj Auto and the companies that were carved out from it — Bajaj Finserv and Bajaj Holdings & Investments. The board, recognising his contribution, has proposed appointing him chairperson emeritus. His cousin Niraj Bajaj takes over as chair of the Bajaj Auto board. I expect to see many similar announcements this year. Change is happening on account of regulations of the Securities and Exchange Board of India (.....

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