For instance, India success story in the information technology (IT) industry is anchored on the diaspora. India is also home to an increasing number of start-ups that have achieved unicorn status-enterprises valued at more than $ billion-that have been founded by Indian diaspora. The benefits from the diaspora should go well beyond the remittances.
The Board collectively must take ultimate responsibility for the performance of the bank and for the manner in which it conducts its operations. The directors must lead from the top. They must set the strategic policies of the bank and establish its corporate values. They must also ensure that a bank’s policies prohibit corruption and conflicts of interest in the bank’s operations.