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Saturday, 10 January 2009

The friends of Satyam (Rogue's gallery)?

UK based World Council for Corporate Governance - Golden Peacock Award for 2008 - Satyam (now withdrawn)
 
Ramalinga Raju named Ernst &Young Entrepreneur of the year 2007

 
Take the role of Satyam's independent directors who are now trying desperately to distance themselves from the mess. What is even more depressing is that the independent directors included Harvard professor Krishna Palepu, Indian School of Business Dean M Rammohan Rao, entrepreneur Vinod Dham and former Cabinet Secretary T R Prasad. If a board so exalted and comprising so many eminent people cannot ensure adherence to corporate governance norms, there is something seriously wrong with the system.
 
 
 


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