Professional Documents
Culture Documents
CORPORATE GOVERNANCE”
Presented by :
Anu Lakhani
Bhanu sharma
Arman singh
Bhupendar singh
Ashish Hajela
Satyam case study
SERVICES
Contents
Introduction
Corporate governance
Ethical standard
Findings
Introduction
Satyam incorporated in 1987 as a Private limited company providing software &
consultancy services.
Satyam revenue grew to over us $2 Billion & net income us $ 417 billion.
Background
Rammohan Roy resigned as the dean of ISB the resignation followed the
announcement previous day by Raju (Founder & Chairman) of India’s
fourth largest IT service company Satyam computer service limited.
The company had been inflating the revenue and profit for past several
years.
Rao resigned from the board of satyam with two other independent
directors.
The code of conduct also stated that “the policies and the procedures of the
company expect that the directors and associates avoid conduct of business
of the company with their relatives or their significantly associated
companies, firms and other businesses. In case of conflicts, disclosure shall
be made to the board of directors and its approval shall be obtained before
proceeding further.”