Corporate Governance Issues at Satyam Computers
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This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.
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After the deal was aborted, four of the prominent independent directors resigned from the board of the company. In early January 2009, Raju revealed that the revenue and profit figures of Satyam had been inflated for past several years. The revelation further deepened concerns about poor corporate governance practices at the company. The case describes the corporate governance structure at Satyam, its code of conduct, roles and responsibilities of different committees under the board, whistle blower policy etc. It highlights the role played by the independent directors of Satyam in approving the Maytas deal and discusses their limitations.
» Study the corporate governance structure that existed at Satyam Computers.
Satyam Computers, Corporate Governance, Maytas, Maytas Infra, Maytas Properties, Independent Directors, Ramalinga Raju, Board of Directors, Accounting Fraud, Acquisition, Golden Peacock Global Award, Audit Committee, Compensation Committee, Whistleblower Policy, Code of Conduct , India's Enron