| | | | | 4 | 2 | Corporate Governance-An Academic Review | | | 5 | | 2.1 | Corporate Governance Mechanisms | | | 5 | | 2.2 | Overview of the OECD Principles of Corporate Governance. | 6 | | 2.3 | Corporate Governance in India | | | | 7 | 3 | Satyam Computer Services Limited - Overview | | | 9 | | 3.1 | The Satyam Scandal | | | | | 10 | | 3.2 | Satyam’s Corporate Governance Issues | | | 12 | 4 | Corporate Governance Recommendations-Satyam Compute Services Ltd. |
Premium Corporate governance
Satyam scam Satyam Computers services limited was a consulting and an Information Technology (IT) services company founded by Mr. Ramalingam Raju in 1988. The company offers information technology (IT) services spanning various sectors‚ and is listed on NSE‚ BSE‚ the New York Stock Exchange and Euronext. It was India’s fourth largest company in India’s IT industry‚ offering a variety of IT services to many types of businesses. Its’ networks spanned from 46 countries‚ across 6 continents and employing
Premium 2009 Mahindra Group
SATYAM SCANDAL I. Analyze the case and respond to the following questions: (a) Discuss the earnings management techniques employed by the management of Satyam. In this case of Satyam‚ I can conclude that the obvious technique employed by the said management are: 1. “Big Bet on The Future”. When an acquisition occurs‚ the company acquiring the other is said to have made a big bet on the future. As refer to this case‚ Ramalingam Raju the Chairman of Satyam Computer Services Ltd
Premium Audit Auditing Generally Accepted Accounting Principles
Open Journal of Accounting‚ 2013‚ 2‚ 26-38 http://dx.doi.org/10.4236/ojacct.2013.22006 Published Online April 2013 (http://www.scirp.org/journal/ojacct) Corporate Accounting Fraud: A Case Study of Satyam Computers Limited Madan Lal Bhasin Bang College of Business‚ KIMEP University‚ Almaty‚ Republic of Kazakhstan Email: madan.bhasin@rediffmail.com Received January 15‚ 2013; revised March 12‚ 2013; accepted March 28‚ 2013 Copyright © 2013 Madan Lal Bhasin. This is an open access article distributed
Premium Fraud Accounting scandals
Introduction: The past decade has been witness to some of the worst accounts of corporate fraud ever recorded‚ with multi-billion dollar companies such as Enron‚ Tyco‚ and World-com involved in serious financial scandals. CEOs and senior executives are often the driving force behind such unscrupulous activities by adopting shady accounting practices and other forms of short-termist actions for the purpose of increasing their firm’s stock price and their own personal wealth. The following paper will
Premium Stock Security Corporate governance
of the Securities Exchange Board of India‚ which‚ primarily‚ is the corporate governance mandate in India. Design/methodology/approach – This paper has been developed on the basis of intensive interviews conducted with 16 legal experts working with 50 top listed companies and seven advocates from the Delhi High Court and the Supreme Court of India‚ literature survey from research papers‚ bare acts and policy guidelines on corporate governance by the Government of India. Findings – Two contrary opinions
Premium Corporate governance Board of directors
SATYAM: BROTHERLY DEMISE THE RISE AND FALL OF RAMALINGA RAJU 1 TABLE OF CONTENTS COVER PAGE TABLE OF CONTENTS EXECUTIVE SUMMARY 1. BACKGROUND 2. RAMALINGA RAJU AND THE SATYAM SCANDAL 2.1 FACTORS LEADING TO THE FRAUD 2.2 AFTERMATH OF THE SATYAM SCANDAL 2.3 VICTIMS OF THE SCANDAL 2.4 CORPORATE GOVERNANCE ISSUES AT SATYAM 2.5 ETHICAL DILEMMAS FACED BY RAJU 1.1 INDIA IN THE GLOBAL ECONOMY 1.2 MERGENCE OF SATYAM COMPUTER SERVICES E 3. HOSMER’S SIX STEP PROCESS
Premium Ethics Morality
BSE 500 Index Including Satyam. Whenever we talk about Unethical governance in accounting practices the 1st and foremost name which comes in to our mind is of Price Water house Coopers‚ PwC has followed unethical governance with many of its clients. But‚ It came into limelight is Indian scenario in a broader aspect due to the fraudulent activity done by Satyam (Ramalinga Raju) with the accounting books. After the Satyam scandal PwC Realized the Importance of ethical Corporate Governance. PwC was a
Premium Ethics Business ethics
A Corporate Fraud is defined as a set of Activities undertaken by a company or set of individuals that are done in a dishonest or illegal manner‚ and are designed to give an advantage to the perpetrating company or the individual. Corporate fraud schemes go beyond the scope of an employee’s stated position‚ and are marked by their complexity and economic impact on the business‚ other employees and outside parties. Corporate Frauds are becoming very inherent in the present era. A selected range of
Premium Auditing Audit Internal control
ASSIGNMENT ON A CASE STUDY OF ANY COMPANY DOING FRAUDULENT ACTIVITY AND ITS FURTHER PROCEEDINGS SUBMITTED BY: Radha Gupta FPG/1113/023 COMPANY BACKGROUND:- Mahindra Satyam (formerly Satyam Computer Services) is an Indian IT services company based in Hyderabad‚ India. It was founded in 1987 by B Ramalinga Raju. Mahindra Satyam is a part of the Mahindra Group which is one of the top 10 industrial firms based in India. The company offers consulting and information technology (IT) services spanning
Premium Mahindra Group Andhra Pradesh Mahindra Satyam