Corporate Governance - Satyam & Enron Case Studies
A PROJECT ON:
CORPORATE AND BUSINESS GOVERNANCE
Offered by registrants of Department of Business Research,
DeenDayal Upadhyaya College,
College or university of Delhi.
Devesh Deb Lalwani
Jai Singh Gambhir
All of us student of Bachelor of Business Studies (1st semester), in Deen Dayal Upadhyaya College, School of Delhi, hereby state that I make this educational project named вЂCorporate Governance' as a part of the interior assessment pertaining to the subject вЂFundamentals of Management', for academics year 2009-10. The project is published for the first time and here only plus the information submitted therein is valid to the most of my expertise.
I really thank Ms. Aanchal Gupta and my local freinds for the assistance extended simply by them to get the powerful completion of the project record.
Countersigned Candidate's signature
(Ms. Aanchal gupta)
Table of contents
S i9000. no| Topic| Page not any
1| Company governance| 5-6
2| Enron вЂ“ A great overview| 7-10
3| Quest from Enron corporationTo Enron creditors restoration corporation| 10-14| 4| Enron's injured parties| 14
5| Lessons being learnt | 15-16
6| Satyam вЂ“ An overview| 17-21
7| The Satyam Scandal| 21-27
8| Satyam Scam Celebrations Responsible| 27-32| 9| Consequences of the scam| 32-34
10| People damaged from that | 35-37
| Bibliography |
Corporate governance is the set of processes, traditions, policies, regulations, and organizations affecting just how a corporation (or company) is directed, implemented or manipulated. Corporate governance also includes the relationships one of many stakeholders involved and the desired goals for which the corporation is ruled. The principal stakeholders are the shareholders, the table of directors, employees, clients, creditors, suppliers, and the community at large. Company governance is a multi-faceted subject. An important concept of the corporate governance is to assure the answerability of particular individuals in an organization through mechanisms that try to decrease or eliminate the principal-agent problem. A related but independent thread of discussions concentrates on the impact of any corporate governance system in economic efficiency, with a solid emphasis on shareholders' welfare. There are yet additional aspects for the corporate governance subject, such as the stakeholder perspective and the business governance types around the world. There has been renewed interest in the corporate governance practices of recent corporations as 2001, especially due to the high-profile collapses of the number of large U. S i9000. firms such as Enron Organization and MCI Inc. (formerly WorldCom). In 2002, the U. S. federal government exceeded the Sarbanes-Oxley Act, intending to restore community confidence in corporate governance. Issues of corporate governance have been hotly debated in the usa and The european union over the last decade or two. In India, these issues have come to the fore only in the last few years. Naturally, the debate in India offers drawn greatly on the United kingdom and American literature on corporate governance. There has been a tendency to focus on a similar issues and proffer a similar solutions. For instance , the corporate governance code suggested by the Confederation of American indian Industry (Bajaj, 1997) can be modelled on the lines from the Cadbury Committee (Cadbury, 1992) in the United Kingdom. This kind of paper states however the crucial problems in Of india corporate governance are very different from those in america or...
Bibliography: Bethany McLean and Peter Elkind inside the Smartest Fellas in the Room.
On January 17, 2002 Enron terminated Arthur Andersen as its auditor, citing it is accounting advice and the break down of papers