who do not have a pecuniary relationship with the company actually share a fiduciary relationship with the shareholders and observe the principle of conflict of interest. There are some compelling reasons for them to alienate liabilities given the dramatic effects of financial disarray as in the case of Satyam. Keywords India‚ Corporate
Premium Corporate governance Board of directors
Satyam Story: Many Lessons to be Learnt Ramalingam Raju along with 2 other accused of the scandal‚ were granted bail from Supreme court on 4 November 2011 as the investigation agency CBI failed to file the chargesheet even after more than 33 months of Raju being arrested. Raju had appointed a task force to address the Maytas situation in the last few days before revealing the news of the accounting fraud. After the scandal broke‚ the then-board members elected Ram Mynampati to be Satyam’s interim
Premium Mahindra Group Mahindra Satyam
Nigerian Scams - 419 Scam Information Nigerian‚ or "419"‚ scams are one of the most common types of fraudulent email currently hitting inboxes. Nigerian scam messages can also arrive via fax or letter. The messages generally claim that your help is needed to access a large sum of money‚ usually many millions of dollars. In fact‚ this money does not exist. The messages are an opening gambit designed to draw potential victims deeper into the scam. Those who initiate a dialogue with the scammers
Premium Fraud Confidence trick Victim
There are a lot of graduates fresh out of high schools that make the decision to use the military. There are some people that join the military because that is a fast and easy choice for them. The military gives everyone a wide variety of options. College for instance‚ the military allows you to serve your country and still have time to attend college and get a degree if you choose to do that. People that choose to join the military get the option to go to college anytime they feel during their military
Premium High school Military Navy
Factors Influencing Auditor Switch: Evidence from A Shares Companies Listed in Shanghai and Shenzhen Stock Exchange in China BY Deng Zhirui 0930600019 BBA-Accounting Li Lujun 0930600064 BBA-Accounting A Business Project Submitted to the Division of Business and Management in Partial Fulfillment of the Graduation Requirement for the Degree of Bachelor of Business Administration (Honours) Beijing Normal University – Hong Kong Baptist University United International
Premium Audit Auditing Auditor's report
CASE STUDY: MARCH 2012 SEMESTER I. Analyze the case and respond to the following questions: a) Discuss the earnings management techniques employed by the management of Satyam. Earning management or creative accounting is referred to the manipulation or misrepresentation of the company’s financial earnings in order to achieve stable and positive financial position. This was achieve through directly or indirectly use of the accounting methods. Even though the manipulation may follow all
Premium Fraud Revenue Finance
political harassment of the highest order‚ " Bunye said‚ "We have nothing to hide but we will not stoop down to the level of media grandstanding." Below is the joint committee’s findings on the alleged involvement of Arroyo in the fertilizer fund scam: The Committees recommend that President Gloria Macapagal-Arroyo must be held accountable in the mismanagement of the fertilizer fund and take it upon herself to institute measures to correct the flaws in her administration. It bears knowing that
Free Philippines Joseph Estrada Political corruption
Ethics Case Satyam Computer Services – The Enron of India Founded in 1987‚ Satyam Computer Services Ltd. was founded by B. Ramalinga Raju. Operating globally in 66 countries‚ Satyam had a growth of 53‚000 employees from just 200 employees. By 2009‚ it was India’s fourth largest information technology company. Services included customer service and outsourcing of accounting and finance. 185 companies of those listed‚ as the Fortune 500 including Nestle‚ General Motors and General Electric were
Premium Mahindra Group Mahindra Satyam
expression) the right to express how they feel. And it shouldn’t be restricted as long as it shows adult only by regulating it in a way that children wouldn’t see it. Under the first Amendment‚ we should only regulate speech when there is a really good reason to do so‚ but in this case I don’t think or see why it should be restricted. Photographers have the right to produce pornography and consumers have the right to view it because for most producers‚ that’s their only means of making their living. If
Premium Pornography
| Walmart logo‚ used since June 30‚ 2008 | Type | Public | Traded as | NYSE: WMT Dow Jones Industrial Average Component S&P 500 Component | Industry | Retailing | Founded | 1962 | Founder(s) | Sam Walton | Headquarters | Bentonville‚ Arkansas‚ U.S. 36°21′51″N 094°12′59″W | Number of locations | 8‚970 (2011) | Area served | Worldwide | Key people | S. Robson Walton‚ Chairman Mike Duke‚ President/CEO | Products | Apparel/footwear specialty‚ cash & carry/warehouse
Premium Wal-Mart Sam Walton S. Robson Walton