Let me paint a quick scene. It is a Tuesday morning in March. The annual general meeting of a Nifty 50 company is two weeks away. The board has spent six months on a thoughtful, intentional decision to delay CEO succession by a year — because the company is mid-way through a major acquisition and continuity matters. They have explained the reasoning in earnings calls, investor letters, and the proxy statement. Somewhere in a server in New York, an AI system ingests that proxy

If you speak to directors privately, not during the official meeting but afterwards, over coffee or in the corridor, you’ll hear something interesting. It’s not panic. It’s not even fear. It’s uncertainty. Not the usual kind. Not the “markets are volatile” kind. Boards have handled that for decades. This is different. The uncertainty now is about understanding what exactly they are responsible for in a world that keeps rewriting the rules. The key issues for boards in 2026 ar