Analyzing the Satyam Scandal: Corporate Governance Failure

Analyzing the Satyam Scandal: Corporate Governance Failure

Satyam limited was a company owned by two brothers, Rama Raju and Ramalinga Raju as a private enterprise. For a long time, the company had enjoyed high ranking in the corporate world. So high was the ranking that it attracted foreign investors. As of 2009, the company was largely owned by foreign investors who operated more than 48% interest in the company. Satyam was the first Indian country to be listed in the NYSE, EURONEXT and DOW. In General The Company Seemed To Be In Good Health Financially And In Terms Of Governance. One of the brothers, Ramalinga Raju sat on the board of directors as the chairman, representing the family interests, which though had…