Governance Principals In Satyam Scandal

The articles talk about the Satyam malicious gossip which happened in 2009. In this incident, the president of one of Indias largest technology company, Ramalingam Raju, the person who has seek to lend oneself technology to improve life in clownish India verbalise that he concocted important financial results, including a interchange correspondence of much than 1 billion dollars. Analysts in India affirm termed the Satyam crap Indias own Enron scandal. Some social commentators see it more as a part of a broader problem relating to Indias caste-based, family-owned corporate environment. This Scandal is obviously a major blow to the written report of the IT outsourcing pains in India, and reveals some of the challenges of due diligence in much(prenominal) relationships. In the process of Satyam Scandal, there are several establishment principles involved. 1. Openness and Transparency. In the textbook, transparency represents providing clear and equal fount o f material company information on a unceasing basis to all investors to allow for informed investment decisions and the live monitoring of the companys activities. The Satyam scandal erupted when its founder and hot seat admitted falsifying accounts of over $1 billion. As the details of what happened unfold, the extend for openness and transparency comes into sharp focus. 2.

Accountability: The existence of autocratic systems of control-particularly to provide shareholders and creditors with an effective structure to enable them to express and cast on their interests and concerns over the actions of a companys managers and controlling stakeholders. after(prenominal) the S atyam Scandal, more and more people will ret! hink before making the decision to put money in to the outsourcing effort in India. The stakeholders and investors start to lose heart because of the scandal. 3. Responsibility: loose bond to the prevailing laws of the jurisdiction in which the company operates and the forethought of relationships with mention constituencies or stakeholders to promote...If you want to get a blanket(a) essay, grade it on our website: OrderEssay.net

If you want to get a full information about our service, visit our page: write my essay