Mixed ownership, with the government as a major shareholder, brings into sharper focus the possible divergent objectives of share-ownership in a corporate or a bank and issues relating to the rights of minority shareholders. The problem gets more complex if public ownership is exercised through separate legislation and not under the Company Law, normally applicable to other competing entities.
The role of directors in such divergent organisational settings, therefore, needs a nuanced appreciation. Let me end these general observations with an anecdote. When I was working in the World Bank in late 1970s, I joined the George Washington University for getting a taste of education in a foreign university. I took a course in management services.