... the CEO at critical points of time. Risk Management Corporate Governance Derivatives Textile Large Seth has already provided one broad direction: he wants a deal with the banks and wants it relatively quickly. Some students may argue that the banks would take advantage...

...Jayanth R. Varma; Rahul Ghosh Northern Textiles (NTL) used highly complex derivatives to hedge its currency risk, and these structured products have been profitable in the past. But in 2008, unanticipated movements in exchange rates have led to serious losses. Seth, the Chairman of NTL, has come...