Who’s next?

January 7, 2009 at 7:55 am (Uncategorized)
Tags: board, directors, fraud, governance, independant, raju, ramalinga, satyam

The Satyam fraud episode has very serious implications for India Inc because it has exposed the inadequacies of the checks and balances in the system. It is all the more critical because if a high profile board such as Satyam’s can be hoodwinked for several years (if Ramalinga Raju’s confession can be accepted), then what about the so-called friendly boards that most companies have?
Which are the other skeletons in the cupboard, waiting to come out? We will see more in the near future