Learning From the Accounting Fraud Scandal at Satyam

The Satyam case is just another example supporting the need for stronger corporate governance

. Companies mustbe carefulwhen selecting executives and top level managers. These are the people who set the tone for the company- if there's corruption at the top, it's bound to trickle down. Each employee must be accountable for their actions, regardless of the role they play in the company. Separate the role of CEO and Chairman of the Board. When the same person takes on both roles, who's left to check up on the CEO? Splitting up the roles helps avoid situations like the one at Satyam.

Learning From the Accounting Fraud Scandal at Satyam

By: i-Sight Software

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