be at risk, health or otherwise. This is also intolerable conduct. When consumers buy a product, they trust that the company’s product was created or manufactured in a safe and fair manner. In modern society, there are more and more calls for corporate responsibility; “… [Companies] are being exhorted to provide their employees with safe working conditions, to produce safe products, and to market their goods in a responsible manner” (Brenkert 2). Business organizations and other associations are
Scandal at Satyam: Truth, Lies and Corporate Governance When terrorists attacked Mumbai last November, the media called it "India 's 9/11." That tragedy has been succeeded by another that has been dubbed "India 's Enron." In one of the the biggest frauds in India 's corporate history, B. Ramalinga Raju, founder and CEO of Satyam Computers, India 's fourth-largest IT services firm, announced on January 7 that his company had been falsifying its accounts for years, overstating revenues and inflating
Research on corporate governance is very thin on the role of owners on corporate performance, especially how risk-taking orientation of owners comes to bear on decision making processes of the firm. The Board has been given inordinate attention in corporate governance literature, and yet a lot of corporate failures and malfeasance have occurred in spite of effective boards. This raises the question of whether the board alone is
ensuring good corporate governance. If an auditor has, what possible stumbling blocks will interfere with his role of ensuring good corporate governance .The research will increasingly look at the issues of fraud and white-collar crimes in corporate governance of a company? That is, what responsibilities do an auditor has in detecting fraud and white-collar crimes. The research will focus on much selected firms in various industries. The objectives cover to assess the role of auditors in corporate governance
Chapter 1 explores the concepts surrounding organizational strategy. It begins with an explanation of the term strategy and offers a basis for how to identify a company’s particular strategy. Next, it explores the importance of striving for competitive advantage in the marketplace and examines the role strategy plays in achieving this advantage. The chapter then explores the idea that strategy is partly proactive and partly reactive. Next, a discussion on strategy and ethics is given. This is followed