This case is about $ 1.4 billion corporate governance fraud at India’s fourth largest IT company Satyam Computer Services. The company offered IT outsourcing services to approximately 690 customers, including 185 Fortune 500 companies such as GE, Nissan Motors and General Motors. By 2008, Satyam was a global company. Across 37 countries The case traces the rise and fall of both Satyam and its founder, Raju, a major celebrity in the corporate India. The case offers … Read more »

This case is about $ 1.4 billion corporate governance fraud at India’s fourth largest IT company Satyam Computer Services. The company offered IT outsourcing services to approximately 690 customers, including 185 Fortune 500 companies such as GE, Nissan Motors and General Motors. By 2008, Satyam was a global company. Across 37 countries The case traces the rise and fall of both Satyam and its founder, Raju, a major celebrity in the corporate India. The case provides an opportunity to understand the various aspects of corporate governance and can be used to study the reasons for failures in corporate governance of a company and the risks that it might face post-scandal. It helps students understand the role of a promoter, independent directors, auditors and the government in corporate governance failures. The case can also be used as a vehicle for teaching the theories of corporate governance.
«Hide

from
Vanita Yadav
Source: University of Hong Kong
22 pages.
Release Date: 14 September 2010. Prod #: HKU889-PDF-ENG
Corporate Governance Failure at Satyam HBR case solution