Tian School of Banking & Finance y.tian@unsw.edu.au Satyam Computers Ltd. Satyam Computers Ltd.‚ the winner of Golden Case‐study: Governance Failure Satyam Computers Ltd. Peacock Award for Excellence in Corporate Governance‚ ironically became a black mark in the history of corporate governance in India‚ when Ramalinga Raju (f li j (founder‚ CEO and the chairman) d d h h i ) admitted fraud in his resignation letter. Satyam‚ founded by Ramalinga Raju and his brother‚ became a publicly listed company in 1992
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Introduction Corporate governance is concerned with the structures and systems of control by which managers are held accountable to those who have a legitimate stake in an organization. It has become an increasingly important issue for organizations for three main reasons. The separation of ownership and management control of organizations (which is now the norm except with very small businesses) means that most organizations operate within a hierarchy‚ or chain‚ of governance. This chain represents
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Ethics in Action 2.1 Satyam fraud – responsibility issues in India Improvement of corporate social responsibility and ethics Based on the analysis of the ethical strengths and weaknesses of Satyam‚ we have identified several aspects to improve the corporate social responsibility and ethics of the company. As described in the case‚ Satyam has a very narrow definition of Corporate Social Responsibility (CSR) that only focuses on charity. Thus‚ they exclude key issues such as transparency
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Empirical Evidences on Weak Form Stock Market Efficiency: The Indian Exprience Ramesh Chander Kiran Mehta Renuka Sharma Weak form efficiency hypothesis (EMH) stipulates that asset prices fully reflect information contained in past stock prices. The present study documents extensive evidence on price behavior in the Indian stock markets. One of the striking features of the results is that runs analysis too exuberate weak form efficiency further and the instances of return drift noted earlier have
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Siliguri Institute of Technology Siliguri Institute of Technology was inaugurated in the year 1999 in the North of west Bengal state. It comes under the Techno India Group. The campus is situated in the foothills of Himalayas and has wonderful scenery all round. The serene atmosphere in the neighborhood will make learning feel wonderful. The vision of this institution is to become a center of excellence in the field of education. It aims to make students compassionate‚ honest‚ responsible and confident
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challenge in the domain of corporate governance and ethics in the Satyam fiasco. The Satyam scandal shook the corporate India‚ and dented its standing with investors‚ both domestic and foreign. It turned out that founder and CEO B. Ramalinga Raju invented $ 1 billion in cash‚ which never existed. The Satyam scandal brought to attention the importance of ethics and its significance to corporate culture. The scam committed by the founders of Satyam is a proof to the fact that one’s conduct in a huge organization
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Case Study A Case Study in Corporate Governance & Ethical Auditing Satyam Fiasco & Role of PwC as an Auditor Group I Submitted By: Aditya Zutshi Ambrish Mani Piyush Anandani Ravinder Pal Singh Dhillon Abstract & Approach On Dec 16‚ 2008‚ Satyam declared to buy entire stakes in Maytas Properties for $1.3 Billion & 51% stakes in Maytas Infra for another $300 Million. By this action‚ the investors were furious. This was because of the move to invest in a promoter-related
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The Globalisation of Indian Companies “In each and every case‚ (the companies studied in the survey) the emerging multinationals had leaders who drove them relentlessly up the value curve. These leaders shared two characteristics. First‚ their commitment to global entrepreneurialism was rooted in an unshakable belief that their company would succeed internationally. Second‚ as their operations expanded‚ they all exhibited a remarkable openness to new ideas that would facilitate internationalism–even
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[Dec-13] [MPRBA 203C/MPCBA 203C/MPRHR-203B] MBA‚ Twinning MBA (CMU) & MHRM Degree Examination II TRIMESTER ETHICS IN BUSINESS AND CORPORATE GOVERNANCE (Effective from the admitted batch 2013–14) Time: 3 Hours Max.Marks: 60 --------------------------------------------------------------------------------------------------Instructions: All parts of a section must be answered in one place only. Figures in the right hand margin indicate marks allotted. ---------------------------------------------
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Proposed KPO (Financial Services) Strategy for Large Indian Outsourcing Firms Thara K.1 ‚ Krishnankutty K.V.2 Department of Business Administration‚ College of Engineering‚ Trivandrum - 695 016 1- MBA student‚ 2-Proffessor Abstract – At a time when BPO (Business Process Outsourcing) is becoming old news‚ Knowledge Process Outsourcing or KPO is now the shiny new business tool in the box. The reward of successfully implemented KPO is truly enormous. India‚ the global KPO “hotspot” and is expected
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