August 2023
Intermediate to advanced
818 pages
28h 27m
English
Content preview from International Corporate Governance, 3rd Edition
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CASE STUDY 5Satyam
The Satyam governance saga was widely regarded as India’s Enron experience: corporate excess carried to an extreme. Satyam Computer Services at the height of its operations offered IT outsourcing services to approximately 690 clients, including 185 Fortune 500 companies such as GE, Nissan Motors and General Motors. By 2008, Satyam was a global company operating in 37 countries. Satyam represented the bright future of Indian information technology service businesses globally, before it came crashing down in a mess of fraudulent financial reporting.
Satyam (which is Sanskrit for ‘truth’) was founded by Ramalinga Raju in 1987, and quickly became one of the four largest IT service providers in India. ...
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