It is important, BUT a difficult one to evaluate.
Take for example the Singh brothers, once heirs to the Indian healthcare empire, Fortis Group. They were the poster boys of the Indian healthcare industry, and commonly seen on the likes of Forbes and Bloomberg.
Malvinder Singh and Shivinder were once the wealthiest among the people below 40 on the Forbes India list, and were at the 16th position with a combined networth of USD 4.2 billion.
Within a few years since inheriting a fortune from a company founded by their grandfather, the Singh brothers have managed to lose almost everything — including control over two public companies. And the Indian healthcare industry is by no means a sunset industry.
Food for thought.
A company with strong management will have the company's and investor's best interest at heart. You don't want a management who gives out overly generous salaries or enter into questionable deals. A strong management will also make the right moves to remain competitive in a changing marketplace and today's volatile market.
The management do plays a key role in deciding what is the next step the company must take to grow t...
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