The Indian Enron Satyam

The University of Hong Kong Faculty of Business and Economics BUSI 3011A collective Governance & adenine; sociable Responsibility The Indian Enron: Corporate Governance possibility at Satyam Chan reasonable See Wa 2008404214 Chan Yun Man, Winston 2008053003 Shi Xinyu, Shyvee 2008502573 Yin Yuxi, Philip 2008801905 The Indian Enron: Corporate Governance Failure at Satyam Introduction Known as the Indian Enron, Satyam, the fourth-largest computer function company in India, had been feed its stakeholders a continual aliment of frauds. The Satyam scandal marks as one of the biggest governance failures in Indias corporate history. This sift out provides an analysis of this Indias Enron. The essay starts introducing how the fraud first of all appeared. It explains what went wrong by examining three levels of analysis, i.e. firm, market place, and institution, and baring the roles that various parties vie in the fraud. It further talks intimately the scandals impact on Brand India and its aftermath. The report card ends with a discussion on the key takeaways various parties could predominate from the case. hoax Uncovered As stock markets worldwide collapsed during 2008, the Indian rakehell Exchange, the Sensex, did not escape from this fate.

It fell from a high of 21,000 to infra 8,000 in ten months, between January and October, 2008. Warren Buffet was beneficial in saying that it is only when the tide goes out that you experience who has been swim naked. The drop of the real estate prices turned Rajus real property dream sour. On December 16 2008, Raju claimed to procure the Maytas basis and Maytas Properties, two companies held b y Rajus family and unrelated to the IT field! , for $1.6 billion. The fight was nemine contradicente approved by the Board of Directors at Satyam. Raju insisted that the acquisition would surface the way for accelerated growth and provide Satyam with greater diversification. However, the market was outraged by the transactions. The vary fact that Rajus family held a...If you emergency to get a full essay, order it on our website: OrderEssay.net

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